September will be a big month for NACHA’s Same-Day ACH initiative. On Sept. 15, NACHA will roll out phase two of its Same-Day ACH Rule, and small businesses stand to gain significantly from the effort, according to reports at Nav.com.
The publication highlighted the upcoming rollout in an article Wednesday (Aug. 30), noting that phase two offers businesses the ability to receive faster ACH debit and credit payments. Phase two, Nav explained, covers pull payments under the Same-Day ACH Rule, meaning payments initiated by a seller can now occur on the same day.
Read more: http://www.pymnts.com/news/b2b-payments/2017/nacha-smb-b2b-same-day-payments/