Challenges, Opportunities and Compliance Requirements for Same Day ACH (SDA)
OVERVIEW NACHA Same Day ACH (SDA) was implemented in three phases, beginning Sept of 2016 and ending in March 2018. With this new option in the ACH Network it gave the Originator and ODFI an opportunity to send and settle payments on the same day for a small fee. With SDA fully implemented and due to a recently approved amendment to the Rules, SDA is expanding by adding a third window for processing SDA transactions and the dollar limit is increasing for a single SDA transaction. This change impacts Originators, ODFI’s and RDFI’s – this session will outline the benefits and impacts that these changes bring to ACH processing. WHY SHOULD YOU ATTEND Recently approved amendments to the NACHA Operating Rules are expanding Same Day ACH by adding an additional window in which Same Day ACH (SDA) Entries can be transmitted. To remain in compliance with these changes and take advantage of the opportunities this change brings, it is crucial to know the impact of these changes and wha...