Faster Processing and Settlement of ACH Credit Transactions begins Today, Reaching all U.S. Bank Accounts

NACHA Announces Implementation of New Rule for Phase 1 of Same Day ACH

HERNDON, Va.–(BUSINESS WIRE)–Today, NACHA —The Electronic Payments Association®, the trustee and rule maker of the ACH Network, announced the launch of Phase 1 of Same Day ACH. Same Day ACH is a new faster payments option that reaches all bank accounts and will enable businesses and consumers to send and receive payments and payment-related information on the same day through the ACH Network.

The launch of Same Day ACH marks a significant milestone in the journey towards faster payments in the U.S.

Phase 1 of Same Day ACH allows for the sending and receiving of virtually any ACH credit transaction, enabling a variety of transactions such as urgent claim payments from an insurance company to a consumer or same-day payroll payments from an employer to an hourly or contract employee.

“The launch of Same Day ACH marks a significant milestone in the journey towards faster payments in the U.S.,” said Janet O. Estep, president and CEO of NACHA. “While other payments initiatives have been developed to support the demand for faster payments in the U.S., Same Day ACH provides absolute certainty that your payment can get to absolutely anyone else with a bank account on the same day, regardless of which bank or credit union they use, bringing value to all users of the ACH Network.”

Beginning today, all financial institutions will be able to receive same-day transactions. Although sending same-day transactions by financial institutions and their customers is optional, it is expected that many will begin enabling the origination of same-day payments today. According to research conducted by NACHA, 95 percent of the nation’s top financial institutions intend to originate Same Day ACH in 2016. The top reasons cited for how Same Day ACH will be used by financial institutions beginning today include payroll and business-to-business payments.

“Same Day ACH is an innovative and immediate solution to support the demands of those consumers and businesses that want to move their money faster,” said Estep. “Not only does it support the industry’s near-term needs, but it also serves as a building block for the future of faster payments. Upon the Same Day ACH foundation, other products and services can be built to continue to meet the evolving needs of consumers and businesses into the future.”

Phase 2 of Same Day ACH will launch on Sept. 15, 2017. Phase 2 will introduce the faster processing and settlement of debit transactions, in addition to credit transactions. This Phase will support additional use cases such as consumer bill payment for utility, insurance, telecom, mortgage, loan and credit card payments.

For more information about Same Day ACH and how to implement and leverage this opportunity, visit NACHA’s Same Day ACH Resource Center at

About NACHA—The Electronic Payments Association

Since 1974, NACHA – The Electronic Payments Association has served as trustee of the ACH Network, managing the development, administration and rules for the payment network that universally connects all 12,000 financial institutions in the U.S. by moving money and information directly from one bank account to another. Financial institutions exchange 24 billion ACH payments valued at $41 trillion annually. Through its collaborative, self-governing model, education, and inclusive engagement of ACH Network participants, NACHA facilitates the expansion and diversification of electronic payments, supporting Direct Deposit and Direct Payment via ACH transactions, including ACH credit and debit payments, recurring and one-time payments; government, consumer and business transactions; international payments, and payments plus payment-related information. Through NACHA’s expertise and leadership, the ACH Network is now one of the largest, safest, and most reliable systems in the world, creating value and enabling innovation for all participants. Visit for more information.

Integrated Check And ACH Electronic Processing Technology Launched


Integrated Check And ACH Electronic Processing Technology Launched

Universal Payment Processing Platform Expands on Existing Credit And Debit Card Services

Lighthouse Pt., FL July 27, 2011 – 3D Merchant Services, a payment processing solutions consultancy, today announced CenPOS, an electronic payments developer, launched a new integrated check and ACH authorization solution. Merchants now have a single host-based solution for checks, credit and debit cards, EBT, gift and loyalty, from all sources including retail, mobile, call center and Internet.

CenPOS check services are currently certified with CrossCheck, T-Tech, and NCT and include check 21, check conversion, ACH, and check guarantee options. Checks can be processed one by one or in a batch via the Smart Virtual Terminal, the core of the CenPOS payments processing platform, where all payments flow through. The virtual terminal is accessible via FTP, web browser and API.

“A major benefit for merchants is having a single reporting dashboard for all payment types, improving efficiencies in accounting and providing critical business insights,” said Christine Speedy, CEO of 3D Merchant Services and a CenPOS direct agent. “Reconciliation is simplified, and merchants get all the other benefits of CenPOS, including mitigating risk and least cost routing,” continued Christine.

“A significant technology advancement is the ability to automatically route based on merchant managed rules. For example, a merchant may want to assume the risk for personal checks under $500, but use a check guarantee service for checks over $500. The merchant can further send checks for $500 to $1000 to one provider, and for over $1000 to another provider. Merchants have unparalleled flexibility to mitigate risk and manage costs.”

After a cashier enters the sale amount, the technology switch dynamically determines the desired service provider, and prompts the cashier for information required by that particular processor. Merchants are empowered to mitigate risk of unsuccessful future claims against bad checks and manage costs of accepting checks. Check authorization is also fully integrated into the Electronic Bill Presentment and Payment solution, enabling businesses to push out invoices via email and collect payment. CenPOS stores seven years of transaction data, dynamically searchable by numerous fields, to maximize business insights and minimize disruption during internal changes.

Integrated check and ACH services are immediately available. For additional information or for a demo, contact Christine Speedy at 954-942-0483 or visit

About 3D Merchant Services
3D Merchant Services is the marketing entity for a CenPOS major account sales team. 3D Merchant Services is engaged in growing CenPOS direct business relationships with ISO’s, banks, and resellers. The team also works with merchants directly, analyzing their methodology and cost of payment processing and associated services, and providing solutions through direct partner relationships. For more information contact 3D Merchant Services at (954) 942-0483 or visit

About CenPOS
CenPOS is a global technology leader for payment processing. The company develops solutions for merchants to accept, process and reconcile electronic payments, including credit and debit card, check, EBT, gift and loyalty. The proprietary payment engine includes retail, mobile, and ecommerce solutions, and provides merchants with unique insight and fraud protection. For more information visit and contact Christine Speedy at (954) 942-0483 or cspeedy AT