Banks and their vendors must cooperate to strategically define their approaches to Same Day ACH.
Boston, May 7, 2015 – Same Day Automated Clearing House (ACH) could finally be implemented; NACHA has refined the rule and hopes to have a ballot out by Q2 2015. Bankers interviewed by Aite Group speak to their similar strategies for implementing Same Day ACH and its value proposition, but their comparison of Same Day ACH to that of a real-time payment offering shows an interesting divergence of opinions. What will banks and vendors need to do to prepare? And what does Same Day ACH mean for the progress toward real-time payments?
This research defines banks’ opportunities and challenges in Same Day ACH and provides banks with a clearer understanding of how implementation can benefit them and their clients. It is based on discussions with key ACH and payment product leaders and strategists.
This 17-page Impact Note contains two figures and three tables. Clients of Aite Group’s Wholesale Banking & Payments service can download this report.