The launch of ACH transactions that can be submitted and received within the same business day will begin its three-year roll-out cycle in the United States on September 16, 2016 when all Receiving Depository Financial Institutions are required to accept credit transactions that are assigned the current day’s effective date.
Mercator Advisory Group’s latest research note, Here Comes Same Day ACH, looks at how same day ACH is being introduced, its potential impact to the payments market, and issues that financial institutions are grappling with as they get ready to incorporate same day ACH into their sales and operations environments.
2. 2016 Mercator Advisory Group
The launch of ACH transactions that can be submitted and received within
the same business day will begin its three-year roll-out cycle in the United
States on September 16, 2016 when all Receiving Depository Financial
Institutions are required to accept credit transactions that are assigned the
current day’s effective date.
A new research note from Mercator Advisory Group, titled Here Comes
Same Day ACH, looks at how same day ACH is being introduced, its
potential impact to the payments market, and issues that financial
institutions are grappling with as they get ready to incorporate same day
ACH into their sales and operations environments.
New research discusses the potential impact of
Same Day ACH on the payments market
3. 2016 Mercator Advisory Group
“Same Day ACH (SDA) may not be revolutionary in its technology, but making
same day ACH widely available will impact new products that will use same-day to
facilitate transactions. SDA has the potential to uproot or change the course of
faster payments initiatives. Same Day ACH does not have all the attributes of a
faster payment as defined by the Federal Reserve, but it may be fast enough for
some payment scenarios, taking away potential business from still developing
faster payments initiatives. Near ubiquity and a low price point make Same Day
ACH very attractive,” comments Sarah Grotta, Director, Debit Advisory Service
and author of the research note.
Sarah Grotta
Director, Debit Advisory Service
sgrotta@mercatoradvisorygroup
4. 2016 Mercator Advisory Group
• Details of the national Same Day ACH roll-out plan
• How Same Day ACH compares with faster payments initiatives
• The impact on financial institutions
• Probable use cases where Same Day ACH will thrive
Highlights of the research note:
5. 2016 Mercator Advisory Group
One of the 2 exhibits in this research note:
Predicted Percentage SDA = 4%
Sources: NACHA, Mercator Advisory Group
Figure 1: Forecast: Volume of Same Day ACH Transactions, and
Percentage SDA, 2014–2017F
6. About the research note:
2016 Mercator Advisory Group
This document is 12 pages long and has 2 exhibits.
Companies mentioned include: Bank of America, clearXchange, FIS, Fiserv,
MasterCard, NICE Actimize, PayPal, U.S. Bank, Visa, and Wells Fargo.
Members of Mercator Advisory Group’s Debit Advisory Service have access to
these reports as well as the upcoming research for the year ahead, presentations,
analyst access, and other membership benefits.
For more information and media inquiries, please call Mercator Advisory Group's main
line: (781) 419-1700, send email to media@mercatoradvisorygroup.com.
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7. About Mercator Advisory Group
Mercator Advisory Group is the leading independent research and advisory
services firm exclusively focused on the payments and banking industries. We
deliver pragmatic and timely research and advice designed to help our clients
uncover the most lucrative opportunities to maximize revenue growth and
contain costs.
Our clients range from the world's largest payment issuers, acquirers,
processors, merchants and associations to leading technology providers and
investors. Mercator Advisory Group is also the publisher of the online payments
and banking news and information portal PaymentsJournal.com.
2016 Mercator Advisory Group
