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© 2019 Nacha. All rights reserved. No part of this material may be used without the
prior written permission of Nacha. This material is not intended to provide any
warranties or legal advice and is intended for educational purposes only.
The ACH Network and the Future of Payments
September 2019Utility Payments Conference
Danita T. Tyrrell AAP, APRPDirector, ACH Network Rules
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© 2019 Nacha. All rights reserved. No part of this material may be used without the
prior written permission of Nacha. This material is not intended to provide any
warranties or legal advice and is intended for educational purposes only.
• https://www.youtube.com/watch?v=1HmjiGGJ3lk
The ACH Network is Thriving
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© 2019 Nacha. All rights reserved. No part of this material may be used without the
prior written permission of Nacha. This material is not intended to provide any
warranties or legal advice and is intended for educational purposes only.
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© 2019 Nacha. All rights reserved. No part of this material may be used without the
prior written permission of Nacha. This material is not intended to provide any
warranties or legal advice and is intended for educational purposes only.
Commonly Used U.S. Faster Payments Solutions
• Nacha Same Day ACH
• The Clearing House RTP©
network
• Early Warning Zelle©
• Mastercard MoneysendTM
• SHAZAM Network
• ExcheQ
• Visa Direct
New entrant: FedNow 24x7x365 Real time settlement support
Target date: 2023-2024
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© 2019 Nacha. All rights reserved. No part of this material may be used without the
prior written permission of Nacha. This material is not intended to provide any
warranties or legal advice and is intended for educational purposes only.
Enhancements Are Coming to Expand the Capabilities of Same Day ACH
SOONERBeginning Sept. 20, 2019, the availability of funds for many Same Day ACH and other ACH credits will occur sooner in the day
HIGHERBeginning March 20, 2020, the per-transaction dollar limit for Same Day ACH will increase to $100,000
LATERBeginning March 19, 2021, access will be extended by enabling Same Day ACH transactions to be submitted to the ACH Network two hours later every business day
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© 2019 Nacha. All rights reserved. No part of this material may be used without the
prior written permission of Nacha. This material is not intended to provide any
warranties or legal advice and is intended for educational purposes only.
Providing Faster Funds Availability
1 - RDFIs in the Atlantic Time Zone may use Eastern Time as local time for the 1:30 p.m. and 5:00 p.m. requirements2 - End-of-processing day will be the same standard as with Same Day ACH’s original Phases 1 and 2
Funds availability times for ACH credits, by RDFI receipt time
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© 2019 Nacha. All rights reserved. No part of this material may be used without the
prior written permission of Nacha. This material is not intended to provide any
warranties or legal advice and is intended for educational purposes only.
Effective Date for third window: March 19, 2021
Expanding Access to Same Day ACH
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© 2019 Nacha. All rights reserved. No part of this material may be used without the
prior written permission of Nacha. This material is not intended to provide any
warranties or legal advice and is intended for educational purposes only.
• Foundational concepts on faster payments• At-a-glance solution
comparison• Resources for more
information• First step in education
process• https://www.nacha.org/re
sources/faster-payments-101
Faster Payments 101
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© 2019 Nacha. All rights reserved. No part of this material may be used without the
prior written permission of Nacha. This material is not intended to provide any
warranties or legal advice and is intended for educational purposes only.
• Educational and decision making platform to help entities develop a faster payments strategy• Will coach organizations on:
• Need for a strategy• Developing a strategy• Opportunity costs of not developing a strategy• Implementing a chosen strategy• Operational and post-implementation challenges
• Under development by the Payments Innovation Alliance’s Faster Payments Project Team
Faster Payments Playbook
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© 2019 Nacha. All rights reserved. No part of this material may be used without the
prior written permission of Nacha. This material is not intended to provide any
warranties or legal advice and is intended for educational purposes only.
• What is an API?• Set of programming instructions that lets one software application
ask another to perform a task or series of tasks• Always on and communicating real time• Enables direct & real-time communication between back-office
systems• Corporate-to-bank• Bank-to-cloud ERP
• Three types of APIs• Public• Partner• Private
APIs (Application Programming Interface)
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© 2019 Nacha. All rights reserved. No part of this material may be used without the
prior written permission of Nacha. This material is not intended to provide any
warranties or legal advice and is intended for educational purposes only.
• Resulted from merger of Nacha’s Payments Innovation Alliance’s API Standardization Industry Group and the IFX Forum, an international standards organization
• Mission• Afinis is a member-led organization established on behalf of the financial
services industry by NACHA. NACHA unites diverse stakeholders to develop rules and standards that foster compatibility and integration across the financial services ecosystem. Afinis members share a single vision: to improve and support efficiency, safety, and interoperability for all financial services participants by developing and promoting adoption of implementable and open API and financial services messaging standards.
• Strengthen and accelerate development of standardized APIs in support of the U.S. and global financial services industry
Afinis
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© 2019 Nacha. All rights reserved. No part of this material may be used without the
prior written permission of Nacha. This material is not intended to provide any
warranties or legal advice and is intended for educational purposes only.
• Developer portal and sandbox where developers can• Register to access Afinis APIs
• Discover and explore documentation
• Upload Apps for Afinis sandbox testing
• Learn and collaborate with other developers
• Focus on business payments and treasury services
Afinis
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© 2019 Nacha. All rights reserved. No part of this material may be used without the
prior written permission of Nacha. This material is not intended to provide any
warranties or legal advice and is intended for educational purposes only.
• Released API standards• Get Transaction Status
• Allows an Originator to check status of a submitted payment instruction
• Initiate ACH Payment• Allows businesses to submit payment instructions without having to
work across multiple systems
Afinis
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© 2019 Nacha. All rights reserved. No part of this material may be used without the
prior written permission of Nacha. This material is not intended to provide any
warranties or legal advice and is intended for educational purposes only.
• API use cases for future development• Real-time Billing Account Number Verification
• Get Corporate Transaction History & Get Corporate Account Balance
• Expand Bank Contact To Support Possible Rule
• Request for Payment
• Account Validation for Tax Credits
Afinis
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© 2019 Nacha. All rights reserved. No part of this material may be used without the
prior written permission of Nacha. This material is not intended to provide any
warranties or legal advice and is intended for educational purposes only.
• Demonstrates how businesses can leverage Afinis APIs to more effectively exchange payments and information• Shows how to simplify the pre-payment and post-
payment processes• Fast, simple and standard end-to-end transactional
experience
Nacha Corporate Experience
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© 2019 Nacha. All rights reserved. No part of this material may be used without the
prior written permission of Nacha. This material is not intended to provide any
warranties or legal advice and is intended for educational purposes only.
• Expert services for organizations that need help understanding how payments can best work for them• Customized payment strategy development and
implementation
• ACH Education
• Custom Onsite Training
Nacha Elevation Consulting
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© 2019 Nacha. All rights reserved. No part of this material may be used without the
prior written permission of Nacha. This material is not intended to provide any
warranties or legal advice and is intended for educational purposes only.
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© 2019 Nacha. All rights reserved. No part of this material may be used without the
prior written permission of Nacha. This material is not intended to provide any
warranties or legal advice and is intended for educational purposes only.
Danita Tyrrell, AAP, APRP
Director, ACH Network Rules
THANK YOU!
QUESTIONS?