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wiredfool
on April 23, 2014
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How ACH works: A developer perspective
Maybe, depends on the bank. It certainly doesn't have to if the bank is optimally processing the file.
BallinBige
on April 23, 2014
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there is a lot of discussions and actions being made for intra-day settlements.
logicalmind
on April 23, 2014
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parent
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Yep, here are the current details:
https://www.nacha.org/news/nacha-leads-industry-toward-ubiqu...
BallinBige
on April 23, 2014
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IMO - this is the only way ACH can remain competitive with Card transactions. Intra-day settlements and returns
logicalmind
on April 23, 2014
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The whole payment space is getting really interesting in the last couple of years. Banks and retailers trying to work around credit card processing fees as they became larger part of their balance sheets.
wiredfool
on April 23, 2014
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Speeding up returns will be a nice bonus, though there's still a long window for fraudulent returns that can really bite.
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