Saving Time with Same-Day ACH

The official premiere of same-day Automated Clearing House (ACH) transactions Sept. 23, 2016, enhanced the speed with which employers and payroll professionals may electronically complete payments to employees, local governments and state governments.  

All banks and credit unions were required Sept. 23 to be able to receive same-day ACH transactions, but banks and credit unions may choose whether to allow their customers to initiate same-day ACH transactions. 

About 95 percent of banks and credit unions are by Dec. 31, 2016, to allow their customers to initiate same-day ACH transactions. Payroll and business-to-business payments are the two top reasons for which banks and credit unions are expected to perform same-day ACH transactions. 

This strategic white paper examines the mechanics of performing a same-day ACH payment, how same-day ACH availability affects payments to governments and planned updates to same-day ACH processing.

Download this whitepaper now and learn more about same-day ACH processing.