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Maybe, depends on the bank. It certainly doesn't have to if the bank is optimally processing the file.
by wiredfool 13y ago
Maybe, depends on the bank. It certainly doesn't have to if the bank is optimally processing the file.
- BallinBige 13y agothere is a lot of discussions and actions being made for intra-day settlements.
- logicalmind 13y agoYep, here are the current details: https://www.nacha.org/news/nacha-leads-industry-toward-ubiquitous-same-day-ach-settlement https://www.nacha.org/news/nacha-leads-industry-toward-ubiqu...
- BallinBige 13y agoIMO - this is the only way ACH can remain competitive with Card transactions. Intra-day settlements and returns
- wiredfool 13y agoSpeeding up returns will be a nice bonus, though there's still a long window for fraudulent returns that can really bite.
- logicalmind 13y agoThe whole payment space is getting really interesting in the last couple of years. Banks and retailers trying to work around credit card processing fees as they became larger part of their balance sheets.