Electronic Financial Transaction news and trends

NACHA’s Same-Day ACH Proposal Gets Key Bank Support

February 10, 2015
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NACHA’s Same-Day ACH Proposal Gets Key Bank Support

February 10, 2015
On Friday (Feb. 6), The Clearing House (TCH) and the Consumer Bankers Association jointly filed a comment letter in support of NACHA’s proposal to enhance the ACH network by establishing ubiquitous, same-day ACH processing and settlement capability. The proposal in question balances the needs of Originating Depository Financial Institutions (ODFIs) and Receiving Depository Financial Institutions […]