Businesses that are looking to support same day ACH may be interested in NACHA’s recently released essentials guide. If you’re unfamiliar with same day ACH, it’s expected to increase the speed of ACH payments by allowing both sending and crediting of payments on the same day. This becomes effective on September 23, 2016. The guide itself discusses the opportunities, benefits, and value that same day ACH is expected to provide.
“The purpose of the ‘Essentials Guide’ is to enable payables and receivables decision makers to initiate conversations in their organizations,” said Rob Unger, Senior Director of Product Management and Strategic Corporate Relations at NACHA. “Same Day ACH will affect every business that currently uses the ACH Network.”> Continue Reading