HERNDON, Va.– With fewer than 100 days remaining until the effective date for same-day debits, 92% of respondents will be ready to originate same-day debit transactions on the effective date, and 63% have reported that their clients have a high to medium interest in originating Same Day ACH debits, according to NACHA–The Electronic Payments Association.
NACHA said its March-April 2017 qualitative survey of 24 financial institutions represents two-thirds of ACH origination volume on implementation readiness for Same Day ACH debits on the effective date of Sept. 15, 2017.
“Same Day ACH debits provide the option to make payments faster, and can give consumers a better sense of their current account balances, which delivers capabilities endorsed by consumer advocate groups,” said Janet O. Estep, president and CEO of NACHA. “Receipt of Same Day ACH debit transactions will be ubiquitous – reaching every U.S. bank account holder beginning on Sept. 15, 2017.”