Skip to content

Recent Survey Shows Same Day ACH Usage Is Strong

Same Day ACH is a new rule adopted by NACHA (National Automated Clearing House Association). The latter manages the development, administration, and governance of the ACH Network. Same Day ACH allows for payments to be processed within 1 business day, rather than the next day or day after. So Same-day ACH can be described as the US faster payments solution to accelerate settlement times for a specific class of bank-based transactions.

According to a recent survey in the field, Same Day ACH is being implemented successfully; 80% of survey participants anticipate a steady growth this year. 90% percent of participants report they have seen the same or greater volume of origination services than they expected. 83% have experienced the same with regard to the volume received.

The survey was based on 23 financial institutions that account for 63% of ACH Network origination volume. This qualitative survey on Same Day ACH was held during December 2016 and January 2017.

The survey shows that this faster payment solution is being used by businesses, regardless of their size. 84% of the financial institutions surveyed say they originated Same Day ACH transactions for middle market sized companies. 58% report to have originated transactions for large companies, and 37% responded they see small business clients benefiting from Same Day ACH transactions.

If you’re looking for fast working capital, is here to help you. Voted the #1 high risk processor in the US, EMB offers exceptional solutions for payment processing, including Same Day ACH.

ACH Business Funding Program is one of the popular business funding options provided by EMB. The application process is made simple and easy: it takes only a few minutes to complete. This fine funding program examines your monthly sales revenue based on the gross deposits in your checking account over a 4-month period. No merchant account is required.

By Sept. 15, 2017, financial institutions, processors and businesses should be prepared to receive and originate Same Day ACH debits. Same Day ACH for debits will support both consumer bill payment and account-to-account transfers.