Same Day ACH Testing Begins Summer 2017
April 18, 2017
A letter to the customers of FedACH Services:
The Sept. 15, 2017, implementation date of Same Day ACH Phase 2 will enable ACH Network participants to benefit from same-day processing and settlement of qualified ACH debits in addition to ACH credits. Additionally, as we announced last week, the U.S. Treasury has committed to participating in Same Day ACH beginning Sept. 15, 2017, in a phased implementation1. The first phase will provide for the receipt of tax and non-tax Same Day ACH credits by the federal government. Additional Same Day ACH origination capabilities will be adopted by the Treasury throughout 2017 and 2018. ACH origination software vendors and third-party processors providing ACH origination services should be prepared to support the receipt of Same Day ACH credits by federal government RTNs by Sept. 15, 2017.
For more information on Phase 2 implementation and customer testing, Members can Click Here.
To open the additional resource with ACH Transaction Codes, Members can Click Here.