Browsing: Faster payments

Newsbytes

NACHA, the electronic payments association, today announced that its members voted to finalize a rule change that will accelerate ACH settlement, introducing two extra windows during weekdays — morning and afternoon — for credit transactions. The rule provides for fees so that receiving financial institutions can recover costs associated with handling same-day ACH.

Payments

It’s hard to keep up with new developments in payments, says former ABA Chairman Jeff Plagge. But banks need to stay on top of changes to serve their customers.

Newsbytes

NACHA, the electronic payments association, today issued a ballot to its members to vote on a revised rule change to implement same-day ACH transactions.

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