What is Same Day ACH and Why Does It Matter

Page 1

What is Same Day ACH and Why Does It Matter?

Same Day ACH has gained more improvements in late 2018 and is heavily utilized by merchants and integration partners. This blog further introduces one to benefits and provides a few real-life examples of same-day bank transfers in action. A Short Introduction To Same Day ACH Before we get into the details of Same Day ACH, it can really be helpful to understand the main components who are involved into it. Firstly, NACHA works like the regulatory governing body in the ACH network. Secondly, there are ODFIs (Originating Depository Financial Institutions) and RDFIs (Receiving Depository Financial Institutions). An ODFI enacts the role of financial institution from which the ACH transaction starts or originates, whereas an RDFI is an institution that receives the ACH transaction. Moreover, there are third-party processors such as Actum that makes it easy for payment processor to connect to the ACH Network and provide ACH transactions. We also provide a


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.