ACH Roadmap: Bridging the Future - Payment Conference · Capabilities of Same Day ACH SOONER Beginning Sept. 20, 2019, the availability of funds for many Same Day ACH and other ACH
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prior written permission of Nacha. This material is not intended to provide any
warranties or legal advice and is intended for educational purposes only.
Enhancements Are Coming to Expand the Capabilities of Same Day ACH
SOONERBeginning Sept. 20, 2019, the availability of funds for many Same Day ACH and other ACH credits will occur sooner in the day
HIGHERBeginning March 20, 2020, the per-transaction dollar limit for Same Day ACH will increase to $100,000
LATERBeginning March 19, 2021, access will be extended by enabling Same Day ACH transactions to be submitted to the ACH Network two hours later every business day
prior written permission of Nacha. This material is not intended to provide any
warranties or legal advice and is intended for educational purposes only.
Providing Faster Funds Availability
1 - RDFIs in the Atlantic Time Zone may use Eastern Time as local time for the 1:30 p.m. and 5:00 p.m. requirements2 - End-of-processing day will be the same standard as with Same Day ACH’s original Phases 1 and 2
Funds availability times for ACH credits, by RDFI receipt time
prior written permission of Nacha. This material is not intended to provide any
warranties or legal advice and is intended for educational purposes only.
• Educational and decision making platform to help entities develop a faster payments strategy• Will coach organizations on:
• Need for a strategy• Developing a strategy• Opportunity costs of not developing a strategy• Implementing a chosen strategy• Operational and post-implementation challenges
• Under development by the Payments Innovation Alliance’s Faster Payments Project Team
prior written permission of Nacha. This material is not intended to provide any
warranties or legal advice and is intended for educational purposes only.
• Resulted from merger of Nacha’s Payments Innovation Alliance’s API Standardization Industry Group and the IFX Forum, an international standards organization
• Mission• Afinis is a member-led organization established on behalf of the financial
services industry by NACHA. NACHA unites diverse stakeholders to develop rules and standards that foster compatibility and integration across the financial services ecosystem. Afinis members share a single vision: to improve and support efficiency, safety, and interoperability for all financial services participants by developing and promoting adoption of implementable and open API and financial services messaging standards.
• Strengthen and accelerate development of standardized APIs in support of the U.S. and global financial services industry
prior written permission of Nacha. This material is not intended to provide any
warranties or legal advice and is intended for educational purposes only.
• Demonstrates how businesses can leverage Afinis APIs to more effectively exchange payments and information• Shows how to simplify the pre-payment and post-
payment processes• Fast, simple and standard end-to-end transactional