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TMANY Meeting - February 21, 2019
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Corporates Ask for "Sooner, Higher, and Later" Changes to Same Day ACH Payments

 Export to Your Calendar 2/21/2019
When: Thursday, February 21, 2019
12pm
Where: Trattoria Tre Colori
254 W. 47th Street
New York 10036
United States
Presenter: Michael Herd, SVP, ACH Network Administration, NACHA Steven Bufferd, JP Morgan
Contact: Margaret Green or Joedy Tran
212-465-6482


Online registration is available until: 2/19/2019
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Corporates Ask for "Sooner, Higher, and Later" Changes to Same Day ACH Payments

 

Michael Herd, SVP, ACH Network Administration, NACHA

Steven Bufferd, JP Morgan

 

Session Description

 

Same Day ACH is on track to deliver 175 million faster payments in 2018.  Yet ever since Same Day ACH went live in 2016, however, corporate treasury and payment practitioners have been asking for enhancements:

1) sooner funds availability

2) higher dollar limits

3) later deadlines for sending Same Day ACH payments. 

 

Now, NACHA and the ACH Network are delivering all three of these enhancements.  This session will tell the story of how corporate input made these change a reality, and how the ACH Network will bring these enhancements to market.    Attendees at this intermediate session will learn the scope of the changes to Same Day ACH; the most common, and the most surprising, use cases for Same Day ACH payments; best practices for implementation and pitfalls to avoid; and insights into the future roadmap of Same Day ACH. 

 

Speaker Information

 

Michael Herd is NACHA's Senior Vice President of ACH Network Administration.  Mike is responsible for NACHA's rulemaking initiatives and the NACHA Operating Rules, ACH Network risk management initiatives, and NACHA Rules enforcement.  He previously held positions at NACHA in communications and public relations. 

 

Mike is a Virginia Cavalier.


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