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    News in brief

    US to get same day ACH payments

    News in brief

    Members of the Electronics Payments Association (NACHA) have approved Same Day ACH (Automated Clearing House), an amendment to the NACHA Operating Rules that will enable same-day money transfer for “virtually any” ACH transaction. “Same Day ACH will build upon existing, next-day ACH Network capabilities and establish a new option for same-day clearing and settlement via ACH,” the organisation explains. The move, which will be implemented in a “phased approach”, will greatly accelerate the speed at which money can move through the US financial system.

    Filed by Email Rian Boden nfcworld.com Published • Last updated 20 May 2015, 11:40

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