21 September 2017
Find out more

Ninety-two percent of banks surveyed ready to implement same-day ACH debits - Nacha

12 June 2017  |  2583 views  |  0 Source: Nacha

NACHA—The Electronic Payments Association®, the steward and rule maker of the ACH Network, today released results from a March-April 2017 qualitative survey of 24 financial institutions representing two-thirds of ACH origination volume on implementation readiness for Same Day ACH debits on the effective date of Sept. 15, 2017.

After the successful rollout of Same Day ACH for credits last year, and with less than 100 days remaining until the effective date for same-day debits, the nation's top financial institutions are poised to deliver benefits and opportunities to their customers, whether they are large businesses or individual account holders.

According to NACHA survey results, 92 percent of respondents will be ready to originate same-day debit transactions on the effective date, and 63 percent have reported that their clients have a high to medium interest in originating Same Day ACH debits. 100 percent of respondents will be ready to receive Same Day ACH debits on the effective date.

"Same Day ACH debits provide the option to make payments faster, and can give consumers a better sense of their current account balances, which delivers capabilities endorsed by consumer advocate groups," said Janet O. Estep, president and CEO of NACHA. "Receipt of Same Day ACH debit transactions will be ubiquitous - reaching every U.S. bank account holder beginning on Sept. 15, 2017."

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
download the paper nowvisit www.sibos.comvisit www.vasco.com

Top topics

Most viewed Most shared
HSBC switches on selfie payments in ChinaHSBC switches on selfie payments in China
11959 views comments | 24 tweets | 41 linkedin
Equifax hack: Visa and Mastercard flag 200k compromised credit cardsEquifax hack: Visa and Mastercard flag 200...
10725 views comments | 6 tweets | 17 linkedin
Dutch bank sentences teenage DDoS culprit to community serviceDutch bank sentences teenage DDoS culprit...
9396 views comments | 6 tweets | 3 linkedin
UAE banks pool cyber security dataUAE banks pool cyber security data
7966 views comments | 5 tweets | 4 linkedin
Apple P2P payments service nears launchApple P2P payments service nears launch
7960 views comments | 18 tweets | 26 linkedin

Featured job

Find your next job