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AFP Payments: NACHA Members Approve Same Day ACH

  • By Staff Writers
  • Published: 5/21/2015
This month saw NACHA’s voting membership approve Same Day ACH. Corporate treasurers have shown overwhelming support for the initiative, viewing it as a positive step toward modernizing payments in the United States. Nevertheless, it brings with it some risks. We speak with several payments experts who all agree that moving to a faster system will likely result in a spike in ACH fraud—so treasurers and bankers alike need to keep their eyes peeled. Also this month, we bring you our coverage of the Payments 2015 conference in New Orleans. We look at some of the negative impacts adopting Apple Pay could have on retailers, we discuss the issues that could keep widespread EMV adoption from happening for another five years, and we review the Remittance Coalition’s new Small Business Payments Toolkit.

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About the Newsletter
AFP Payments is a monthly newsletter delivering best practice information, news and analysis of global payments challenges, regulations and emerging technologies. As the world migrates from paper-based to electronic payment methods, financial professionals and others need to stay atop developments ranging from new card-based payment options, to changes in banking practices, to regional payments concerns around the world.

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Decoding your Analysis Statements
August 22 - 23

Dive into the wealth of information contained in your bank account analysis statements. Discover the guidelines for account analysis statements, how electronic statements work, how AFP Service Codes could and should be assigned, and perform your very own crossbank comparisons.

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