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Federal Reserve ACH Payments Banking Sector

Latham & Watkins LLP

Let’s Settle This Immediately: The Fed Joins the Global Faster-Payments Trend

Latham & Watkins LLP on

The Federal Reserve is finally stepping into the real-time payments arena. On August 5, 2019, the Board of Governors of the US Federal Reserve System (the Fed) announced that it plans to roll out a real-time payment and...more

Manatt, Phelps & Phillips, LLP

Get Ready, Get Set: Same-Day ACH Service Mandatory in 2016

Why it matters - Continuing its efforts to modernize the U.S. payments infrastructure, the Federal Reserve Board of Governors announced that effective September 23, 2016, receiving depository financial institutions...more

Davis Wright Tremaine LLP

NACHA Adopts Same-Day ACH Rule

On May 19, NACHA adopted a rule enabling the same-day processing and settlement of most types of ACH payments (same-day rule). In 2012, NACHA had proposed an Expedited Processing and Settlement (EPS) rule providing for a...more

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