Same Day ACH will kick things up a notch in a few weeks as new rules take effect for debit transactions. Here's what's coming and what credit unions can do to get ready.
What's Happening
On May 19, 2015, NACHA announced that it gave the green light to a three-phase implementation plan for Same Day ACH. Phase I, which rolled out last Sept. 23, increased the movement of funds between financial institutions to three times per day and required credit unions to receive and process same-day ACH credit transactions.
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