Nation’s Financial Institutions On Target To Offer Same Day ACH Payments In 2016

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NACHA survey reveals payroll and B2B services will be top offerings initially

Financial institutions see the value in providing new, faster payment options to their customers with certainty and surety, and Same Day ACH allows them to do that in 2016.

The nation’s top financial institutions are on target to offer Same Day ACH payments beginning September 23, 2016, according to the results of a new survey conducted by NACHA—The Electronic Payments Association®. Ninety-five percent of respondents indicated they will offer their clients Same Day ACH origination services by year-end. The survey identified the two strongest use cases among those offering Same Day services: payroll and business-to-business (B2B) payments, with 100 percent planning to offer same-day payroll payments and 95 percent planning to offer same-day B2B payments, in addition to services for expedited bill pay and person-to-person (P2P).

The telephone survey, conducted from January to February 2016, queried the plans of 22 of the top 25 ACH-originating financial institutions. While financial institutions will be required by NACHA’s Same Day ACH Rule to receive Same Day ACH payments beginning September 23, 2016, originating ACH payments, including same-day payments, is optional for originating financial institutions and their clients. NACHA conducted the survey to better understand financial institutions’ intentions for originating Same Day ACH payments this year.

“Financial institutions see the value in providing new, faster payment options to their customers with certainty and surety, and Same Day ACH allows them to do that in 2016,” said Janet O. Estep, president and CEO of NACHA. “These findings support our earlier research that Same Day ACH volume will come from use cases like payroll and B2B payments.”

The nation’s largest financial institutions also share a desire to support their clients by moving payments faster with Same Day ACH. Of those that will offer Same Day ACH services, 86 percent will offer it to all of their clients, while 14 percent will make Same Day ACH available to select clients, based on need.

NACHA details these findings in a new infographic that captures the sentiments of the nation’s largest financial institutions on Same Day ACH origination.

In addition to evaluating input from the largest financial institutions, NACHA continues to partner with Regional Payments Associations (RPAs) to assess the readiness of smaller institutions across the country. For example, EastPay, an RPA based in Richmond, Va., surveyed attendees at its 2016 Information Exchange in March and found 64 percent of all respondents plan to originate Same Day ACH payments.

“Deciding to originate Same Day ACH means smaller financial institutions can act now to support customer demand for faster payments,” said Norman Robinson, AAP, CTP, president and CEO, EastPay. “As smaller institutions prepare to receive same-day payments, they spot business opportunities. Banks and credit unions recognize that Same Day ACH is not just an operational update; it is a new competitive solution.”

NACHA and the RPAs provide tools and resources to help financial institutions take full advantage of Same Day ACH. For news, tools and information to support implementation, visit NACHA’s Same Day ACH Resource Center or individual RPA websites.

Additionally, Same Day ACH will be a major focus at this year’s PAYMENTS conference, with more than 12 educational sessions dedicated to this topic. For more information about PAYMENTS or to register, visit

About NACHA—The Electronic Payments Association
Since 1974, NACHA – The Electronic Payments Association has served as trustee of the ACH Network, managing the development, administration and rules for the payment network that universally connects all 12,000 financial institutions in the U.S. The Network, which moves money and information directly from one bank account to another, supports more than 90 percent of the total value of all retail electronic payments in the U.S. Through its collaborative, self-governing model, education, and inclusive engagement of ACH Network participants, NACHA facilitates the expansion and diversification of electronic payments, supporting Direct Deposit and Direct Payment via ACH transactions, including ACH credit and debit payments, recurring and one-time payments; government, consumer and business transactions; international payments, and payments plus payment-related information. Through NACHA’s expertise and leadership, the ACH Network is now one of the largest, safest, and most reliable systems in the world, creating value and enabling innovation for all participants. Visit for more information.

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Kendra Beasley
NACHA - The Electronic Payments Association
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