The Same Day ACH Faster Payments capability provides ubiquity, where payments can reach anyone in the country faster regardless of their bank or credit union. With so many businesses concerned with managing their liquidity, the consensus at Money2020 was that the value add use case for faster payments is B2B. Now that Same Day ACH is in play by NACHA, the focus has shifted towards creating additional efficiencies and improvement on security.
Same Day ACH: Impacts At The Intersections
Same Day ACH is here – and so are several other initiatives that intersect and complement its new found faster capabilities. In the final installment of NACHA’s Countdown to Same Day ACH podcast series, George Throckmorton, Managing Director for NACHA, joined Karen Webster to explain how long-standing concepts like ISO 20022, APIs and tokenization are driving innovation across the ACH Network.