SAME DAY ACH
When it comes to Same Day ACH, UMACHA continues to provide support and education to ensure our members make the best decisions and remain in compliance with rules and regulations.
Introduction to Faster Payments in the U.S.
In 2019, Nacha and its Payments Innovation Alliance, jointly with the U.S. Faster Payments Council, released the Faster Payments Playbook. This educational tool will assist financial institutions in the development of a faster payments strategy as the payments landscape continues to evolve in the U.S. & across the globe. Access to the Playbook can be found here.”
CASE - Customized ACH Solutions and Education - UMACHA can create and customize Same Day ACH training specific to your financial institution.
On-Demand - Recorded webinars available at your finger tips with the click of a button -Believe it or not Same Day ACH was approved all the way back in May of 2015. UMACHA has completed many training sessions on this topic already. Check out our archives to see if there is anything you missed!
Education Club - Quality education on your terms, schedule and budget.
This article from Nacha highlights the risk a financial institution takes when they decide to hold a file for processing until after the last Same Day ACH processing window.
This link will take you to our online store to purchase UMACHA’s ACH Risk Assessment Guide.
Nacha has issued guidance regarding the $100,000 per transaction limit on Same Day ACH transactions.
This link will connect you directly to the Federal Reserve Bank's resource center.
This link will connect you directly to NACHA's resource center.
To ensure smooth implementation of Same Day ACH debits, conduct appropriate end-to-end testing with your business partners.
This link will connect you to the NACHA article released on May 25, 2016 regarding the methodology behind the agreement to round monthly charges and credits for Same Day Entry Fees.
Use this link to view the Federal Reserve’s list of Same Day ACH accounting transaction codes.
This worksheet will help you work through your Same Day ACH exceptions questions ahead of the September 23, 2016 live date.
Three steps to ensuring your processor is Same Day ACH Phase 2 ready.
Notice to all FedACH® Services Customers, new report available.
The "Same Day ACH for Businesses Essentials Guide" is a suite of resources that provide key guidance on Same Day ACH opportunities, benefits and value to businesses, and action plans for sending and receiving same-day payments. The "Essentials Guide" has been updated (since its release in August of 2016) to incorporate additional elements related to Same Day ACH debits, as same-day debits go into effect in September 2017.