Free Webinar on Proposed Same Day ACH Rule Posted by AVCU on 10:56 AM

The National Automated Clearinghouse Association (NACHA) recently proposed changes to its rules accelerating ACH settlements. Currently, most ACH payments are settled on the next business day. There are many uses of ACH payments, however, for which businesses and consumers could benefit from same-day processing. A NACHA rules change would enable ACH Originators that desire same-day processing the option to send same-day ACH transactions to accounts at any receiving financial institution (RDFI).

NACHA is seeking feedback on its proposed new Same Day ACH Friday, February 6, 2015.
Network functionality, and seeks to stimulate industry thinking about the uses for moving payments faster by using  Same Day ACH. NACHA is accepting comments through

According to the New England Automated Clearinghouse (NEACH) this proposed rule change has a number of implications for institutions. NEACH represents New England financial institutions and votes on behalf of its members at the national level. NEACH is working to insure member opinions, comments, and questions are addressed via a free webinar it is providing to review the proposal and address concerns. Details are:

Same Day ACH Town Hall Webinar
Wednesday, January 21, 2015

• Webinar Option #1: 10:00 AM - 11:00 AM
• Webinar Option #2: 2:00 PM - 3:00 PM

Click the link for more details and to register.

NACHA is a self-regulating non-profit national association that administers and facilitates private-sector operating rules for ACH payments, which define the roles and responsibilities of financial institutions and other ACH Network participants.

NEACH is a non-profit association providing origination and receipt of ACH transactions and ancillary efforts to promote the acceptance, use and quality of electronic transactions.