While no panic calls are reported, the same-day ACH transition has some credit unions worried about rising costs.
Rules require CUs originating ACH transfers to identify and register their third-party sender customers with NACHA.
Nine organizations, including NAFCU and CUNA, call for new legislation from Congress.
Company's new offering allows users to send money using only mobile phone numbers and emails.
Same-day ACH, recently approved by NACHA, could provide new data mining capabilities.
Amendment to NACHA operating rules ups the movement of funds between FIs to three times daily.
Rule would allow two new same-day settlement windows for three ACH network settlements each day.
Guidelines aim to reduce the incidence of ACH transactions that result in exceptions and returns.
MRDC, MCX and BLE were hot topics at this popular payments conference.
ORLANDO, Fla. — Real-time payment settlement is already happening. Just not in the United States.