ACH Operations Bulletin #2-2017: Same Day ACH and Debit Processing

From NACHA (https://www.nacha.org/news/ach-operations-bulletin-2-2017-same-day-ach-and-debit-processing) POSTED APRIL 11, 2017 EXECUTIVE SUMMARY ACH debits become eligible for same-day settlement with the implementation of Same Day ACH Phase 2 on Sept. 15, 2017. This ACH Operations Bulletin provides information to Originating and Receiving Depository Financial Institutions, Originators, Third-Party Senders, and software and processing vendors on important aspects of ACH debit processing in a same-day … Read More

NACHA Third-Party Sender Registration Requirements

Effective September 29, NACHA’s Third-Party Sender Registration Rule will go into effect, and require that originating depository financial institutions (ODFI) submit and maintain information on every third-party sender with which it maintains a relationship.  A third-party sender is a processing intermediary between a financial institution and an end-user of ACH payments.  The Rule will require ODFIs to provide information regarding … Read More

Effective September 23, 2016, stale-dated ACH entries will result in a fee

Reprinted from Fedflash Effective September 23, 2016, with Phase 1 implementation of the Same Day ACH Rules change, a current-day or stale-day date in the effective entry date field of a credit entry will trigger same-day processing (provided the other requirements are also met). Every Automated Clearing House (ACH) network participant should be aware of the Same Day Entry Fee … Read More

Same-day ACH Rule FAQs

The Federal Reserve published a list of frequently asked questions regarding the same day ACH transactions effective September 2016. The questions cover the three-implementation phases, operator processing schedule, same day entry fee and accounting, and limits, among other topics. More information about the same day ACH rule is available at https://complianceservicesgroup.com/same-day-ach-rule-nacha/.