NACHA Proposes Same-Day ACH

Same-day ACH transfers may be a possibility under a new proposed rule issued by the Electronic Payments Association (NACHA). The proposed rule would allow two new same-day settlement windows for three ACH network settlements each day. This would mandate that RDFIs receive ACH files every business day and make the funds available to their depositors by the end of each business day. [12/18/14]