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NACHA Invites Comments on Proposed Rules to Expand Same Day ACH

Monday, December 4, 2017   (0 Comments)
Posted by: Terri Brustad

Same day ACH is available as an option to move payments faster for most ACH credit and debits, and at current volume is on pace for 120 million transactions annually. Strategically, Same Day ACH is a key component of NACHA's roadmap to move the ACH Network forward for financial institutions and their customers. Feedback from financial institutions and ACH end-users already suggests that many organizations could make greater use of Same Day ACH with enhancements to its features.

Today, NACHA is issuing this Request for Comment to generate industry feedback on proposals to:

1. Add a third Same Day ACH processing window that expands access to later in the day;

2. Provide faster funds availability to receivers of both Same Day and non-same Day ACH credits:

3. Raise the per-transaction dollar limit on Same Day ACH transactions to $100,000;

4. Explore the industry's interest in ACH processing on weekends and holidays.

The first three topics are proposals to amend the NACHA Operating Rules, and NACHA is accepting comments on them through Friday, January 26, 2018. The fourth topic is a Request for Information to explore industry interest; responses on that topic are requested by Friday, February 23, 2018. NACHA encourages responses from all ACH Network participants and interested parties. Organizations are encouraged to gather and provide feedback on all aspects of these proposals, including any that have impact beyond ACH operations and product management, such as wire operations, and liquidity and reserve management.

For further information and the to participate in the survey, please click on the following links.

NACHA Overview of Proposals

NACHA Proposed Modifications to the Rules

NACHA Request for Comment

NACHA Request for Comment ACH Participant Survey

 


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