By March 2018, nearly all Automated Clearing House (ACH) transactions will be settled on the same business day. Starting in September 2016, the National Automated Clearing House Association (NACHA) began to phase in a multi-stage process that results in faster payments across the financial spectrum. By March 2018, these stages will be complete, and the financial world will be fully on board.
About Lyons Commercial Data
Lyons Commercial Data, a division of Autoscribe Corporation, is a leading provider of quality U.S. financial institution data, including all current ABA routing numbers and other information critical to transaction processing. Lyons Commercial Data also offers proven solutions to financial institutions, payment processors, and other businesses, to assist them in optimizing their ACH processes, managing risk, and fraud mitigation.