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This is sort of a confused article. It sounds like it's referring to Same Day ACH, but it starts out by mentioning non relevant things (unless the consumer in
by jeffasinger 12y ago
This is sort of a confused article.
It sounds like it's referring to Same Day ACH, but it starts out by mentioning non relevant things (unless the consumer in question is paying with ACH at a grocery store ...).
Same Day ACH is exciting, but well over a year off. Also, it comes with a limit of $25,000 per transaction, which makes it useless for certain types of transactions, and it also has an added fee of about $0.08 per transaction. For something like payroll or bill payment, this really adds up, and I'm guessing it will see less use because of the fee.