Same Day ACH will kick things up a notch in a few weeks as new rules take effect for debit transactions. Here's what's coming and what credit unions can do to get ready.
What's Happening
On May 19, 2015, NACHA announced that it gave the green light to a three-phase implementation plan for Same Day ACH. Phase I, which rolled out last Sept. 23, increased the movement of funds between financial institutions to three times per day and required credit unions to receive and process same-day ACH credit transactions.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
