Forty is the new faster — payments, that is.
More than 40 years after its debut, the Automated Clearing House Network becomes the first payments system in the country to offer ubiquitous faster payments to every consumer and business in the U.S. via all banks and credit unions.
Today (Sept. 23) marks the launch of Same Day ACH, with three settlement windows enabling consumers and businesses to receive credit, same day, for payments made to them.
Every bank in the U.S. is now capable of receiving and enabling this same-day capability.