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ACH will eventually be replaced by real time payments (RTP)[1] [1] https://www.theclearinghouse.org/payment-systems/rtp https://www.theclearinghouse.org/paymen

• Gunax 7y ago
  In the finance world 'eventually' is a long time. This is an industry that I am sure will 'eventually' eliminate mainframes from its tech stack. My guess is that ACH systems will be maintained for a few decades as a legacy payment rail with countless promises of phasing it 'inn the next five years'.
• __MatrixMan__ 7y ago
  Maybe. Technical integrations in the payments space go painfully slowly. It'll be interesting to see what the payments landscape looks like by the time RTP has sufficient saturation for two randomly selected parties to be able to use it.
• pfranz 7y ago
  Same day ACH had phase 1 in 2016 (amazingly recent). It's now "completely rolled out" and in practice still not very "same day" in most cases. The same day ACH expansion adds 2 hrs and a third daily transaction and isn't scheduled until March of 2021. Sure, technically, banks can have more than one initiative going on at the same time, but I'm pessimistic about seeing RTP or seeing ACH go away. https://www.nacha.org/rules/same-day-ach-moving-payments-faster-phase-1 https://www.nacha.org/rules/same-day-ach-moving-payments-fas... https://www.nacha.org/rules/expanding-same-day-ach https://www.nacha.org/rules/expanding-same-day-ach