With both same-day ACH credits and, since September 15, 2917, same-day ACH debits available in the marketplace, this faster form of ACH is finding applicable use cases in both business and consumer applications according to a new research report.
The National Automated Clearing House Association (NACHA), the governing body for ACH, has from time to time rolled out new features to broaden ACH's appeal across channels, most recently faster, same-day transaction processing services. The author's latest research report, Same-Day ACH Debit's Debut, examines the impact that Same Day ACH (SDA) is having on the payments market.
Highlights of the report include:
A review the initial results of the launch of same-day credits, rolled out last year
Discussion of the most common use cases that have emerged from the introduction of SDA credits
Prediction of the likely uses of ACH debits, made available on September 15, 2017
Analysis of the impact SDA may have on other legacy payment methods, including wire transfers
Consideration of the fraud concerns inherent with SDA
Conclusions regarding SDA's impact on real-time payment initiatives.
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