Results for tag: "Same Day ACH"

Same Day ACH is a payment system that enables financial institutions to process electronic payments on the same day. It is a service offered by the National Automated Clearing House Association (NACHA) and is used by banks, credit unions, and other financial institutions to facilitate the transfer of funds between accounts. The system is designed to provide faster payments and reduce the risk of fraud. Same Day ACH is used for a variety of payments, including payroll, bill payments, and transfers between accounts. It is also used for direct deposits, such as Social Security payments, and for payments to vendors. The system is designed to be secure and reliable, and it is compliant with the Payment Card Industry Data Security Standard (PCI DSS). Companies in the Same Day ACH market include banks, credit unions, payment processors, and payment service providers. Examples include Bank of America, Wells Fargo, JPMorgan Chase, US Bank, PNC Bank, and PayPal. Show Less Read more