Nacha expanded Same Day ACH! Financial institutions and their customers can make more use of Same Day ACH through expanded hours and a higher dollar limit. The On Demand module shares what the changes are and how they will affect your financial institution. Other topics of discussion include an amendment to add debit WEB Originator's requirement to perform a commercially reasonable method of account validation and a new unauthorized Return Reason Code. To help you plan for implementation, we will list the potential impacts to Receivers, Originators, ODFIs, and RDFIs.
CE Credits: Up to 1.8