Same Day ACH: Rules Revision 2016. Are You Ready?

Don Caniglia, one of InfoSight's Senior Security Consultants, along with ICBA & Community Banker University, speaks on Same Day ACH payment rules and the changes made in 2016.

Are you ready?

ACH payment rules are ever-changing, and Same Day ACH has been modernized and will be employed soon. Under the Rule, two new same-day settlement windows will be added to the ACH Network, increasing the movement of funds between financial institutions from once each day to three times each day. All Receiving Depository Financial Institutions (RDFIs) are required to receive same-day transactions and provide faster funds availability to customers, creating value for end uses through its reach to all bank accounts and ability to give consumers and businesses a new option to quickly pay bills and receive funds faster.

This educational webinar will cover:
• The impact on ODFIs and RDFIs
• NACHA implementation schedule
• Credit entries
• Debit entries
• Enhanced credit processing
• New settlement times
• Handling returns in Same Day ACH

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