Are You Ready for Same Day ACH Electronic Payments?August 12, 2015
The Electronic Payments Association (NACHA, previously the National Automated Clearing House Association) has adopted a rule to move payments faster by enabling same-day processing for ACH payments.
Currently, NACHA moves money between financial institutions with a guarantee of 48-hour transactions. Many settle in just 24 hours. Today, in order to move money faster, an expensive wire transfer is required. Read more in the CPA Practice Advisor.
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