Category Archives: Same Day ACH

same day ach phase 3

Same Day ACH Phase 3: Facilitating the Risk of Fraud with Faster Payments

Same Day ACH, Phase III is set to take the center stage in March 2018, setting a high standards for global banking eco-system. It is developed as an immediate solution to respond to market demand, from both businesses and consumers, to move money faster. Post March 16, 2018, all financial institutions (FIs) are required to provide end-of-day

Read More

same-day-ach

Same Day ACH Phase II, Knocking at Your Door – Weigh Your Strengths Today!

The roll out of Same Day ACH (SDACH) Phase I by the Electronic Payments Association (NACHA), the administrator of the Automated Clearing House (ACH) network, in September 2016 led the payment industry to dramatically adopt same day transactions. It accounted for approximately 13M amounting to more than $18B in QTR 1, 2017. Assessing the Impact

Read More