Federal Reserve to Start Processing ACH Payments for IMMEDIATE Withdrawal (9.15.17)
5 posters
Page 1 of 1
StandingByFaith- New Member
- Posts : 3
Join date : 2017-09-12
Re: Federal Reserve to Start Processing ACH Payments for IMMEDIATE Withdrawal (9.15.17)
StandingByFaith wrote:Can anyone give me an expert factual opinion on this?![]()
https://www.youtube.com/watch?v=22iHb4IXYys
This is nothing new. The guy reporting should of been able to find this easily, if he bothered to even look...
~~~~~~~~~~~~~~~~
Same Day ACH Resource Center
The ACH Rules change passed in May 2015 provided for the same-day processing and settlement of virtually any ACH payment1. The first phase of implementation, effective September 23, 2016, provided for same-day settlement of credit entries and non-monetary entries only. The second phase of implementation will occur on September 15, 2017, and will enable same-day settlement of debit entries. The third, and final, phase of implementation is scheduled for March 16, 2018, and will require that RDFIs make funds available from same day ACH credits (such as payroll Direct Deposits) to their depositors by 5:00 PM at the RDFI's local time.
Update on federal government participation (September 11, 2017)
With the publication of a final 31 CFR Part 210 rule (Off-site Link) on September 11, the Treasury has confirmed it will participate in Same Day ACH as of Sept. 15, 2017. The Federal Reserve Banks and FedACH Services stand ready to support the Treasury in its participation.
1 The Board’s Sept. 23, 2015, approval (Off-site Link) of changes to FedACH Services in support of the ACH Rules change extends to each of the discrete phases of the rule's implementation.
This resource center presents information about Same Day ACH and the impact on FedACH Services.
Same Day Entry Fee Billing Product Codes, Phase 2 Testing, New Accounting Transaction Codes for Same Day ACH and FedACH Services Settlement Tips
- Same Day Entry Fee Billing Product Codes (PDF)
- Same Day ACH Phase 2 Testing Waves
- Same Day Phase 2 Test Scripts:
- For File Origination and Receipt (PDF)
- For Accounting and Settlement (PDF)
Frequently Asked Questions (FAQ) - Same Day ACH
The FAQ provide answers to questions on the following topics:- Same Day ACH Implementation Phases
- Government Participation
- Same Day Entry Fee and Accounting
- Value Limit
- Debits/Balanced Files in Phase 1
- Returns, Notifications of Change (NOCs), Prenotifications and Reversals
- Effective Entry Date
- Same Day ACH Transaction Transmission and Settlement
- Overall Edits and Reject Process
- Value-Added Services
- Advices
- Sample Scenarios
If your question is not covered, please use this form (Off-site Link) to submit it to us.
FedACH Processing Schedule effective September 23, 2016
The FedACH Processing Schedule effective September 23, 2016 (PDF) shows the transmission windows, target distribution times and settlement schedules to be effective upon phase 1 implementation of NACHA’s Same Day ACH Rule.Tools to Help Pinpoint Same Day ACH Entries
FedACH Services offers reports and alerts that can help your institution pinpoint same day ACH entries, Phase 1 credits and Phase 2 debits. Learn how (PDF)Processing Scenarios
The following are detailed processing scenario examples applicable to phase one of Same Day ACH. Please see also the additional processing scenarios contained in the FAQs.Federal Reserve Bank of Atlanta Same Day ACH Forums
The following contents were presented at Same Day ACH in-person vendor forums hosted by the Federal Reserve Bank of Atlanta:February 3, 2016 Vendor Forum (Phase 1)
- Agenda (PDF)
- Shared Presentation Slides (PDF)
May 10, 2016 Vendor Forum (Phase 1)
- Agenda (PDF)
- Shared Presentation Slides (PDF)
May 17, 2017 Readiness Forum (Phase 2)
- Agenda (PDF)
- Shared Presentation Slides (PDF)
NACHA Resources – Same Day ACH: Moving Payments Faster
NACHA's Updates and Upcoming Changes page (Off-site Link) includes information about each of the three phases of Same Day ACH implementation. Included for each phase are additional details as well as the technical Rules updates and the impacts by party (e.g., ODFI, RDFI, Originators/Third Parties). The Same Day ACH Resource Center (Off-site Link) provides the latest information for the ACH industry including quarterly statistics, implementation checklists and testing tips and a variety of guides and educational documents.Related Communications
Sep. 12, 2017Treasury confirms participation in Same Day ACH beginning September 15, 2017, in a phased implementation (PDF)
Aug. 17, 2017
Final reminder of Same Day ACH Phase 2 readiness and announcement of Operating Circular 4 updates (PDF)
Aug. 16, 2017
Revisions to Operating Circular 4 (PDF)
Aug. 15, 2017
Exception Return Service for Same Day ACH originated items with values exceeding $10,000 begins September 15 (PDF)
Jun. 7, 2017
Same Day ACH Debits Qualified Batch Reporting (PDF)
Apr. 18, 2017
Same Day ACH Testing Begins Summer 2017 (PDF)
Oct. 24, 2016
FedACH Same Day Balancing Update (PDF)
Oct. 3, 2016
Announcing FedACH Services Priced FedPayments Reporter Same Day Originated Batch Report (PDF)
Sep. 14, 2016
September 23 Implications for FedACH File ID Modifiers (PDF)
Aug. 29, 2016
FedACH SameDay AJ19 Afternoon Return Files (PDF)
Aug. 19, 2016
Final Reminder of Same Day ACH Readiness (PDF)
Aug. 11, 2016
Announcing FedACH SameDay Service Pricing (PDF)
Jun. 23, 2016
Same Day ACH Qualified Batch Reporting (PDF)
Jun. 2, 2016
Same Day ACH Testing Begins June 28, 2016 (PDF)
Mar. 14, 2016
Effective September 23, 2016, stale-dated ACH entries will result in a fee (PDF)
Jan. 15, 2016
FedACH Services Posts Same Day ACH FAQ (PDF)
Oct. 8, 2015
Update: FedACH Services Announce September 2016 Processing Schedule (PDF)
September 23, 2015
Federal Reserve Board approves enhancements to Reserve Banks' same-day ACH service (Off-site Link)
Questions
If you have questions, please contact FedACH Customer Support at (877) 372-2457.https://frbservices.org/resourcecenter/sameday_ach/index.html
https://www.dinardaily.net/t66987-federal-reserve-bank-services-same-day-ach-resource-center
RamblerNash- GURU HUNTER
- Posts : 24223
Join date : 2015-02-19
Re: Federal Reserve to Start Processing ACH Payments for IMMEDIATE Withdrawal (9.15.17)
Thank you RamblerNash..
StandingByFaith- New Member
- Posts : 3
Join date : 2017-09-12
Purpleskyz- Admin
- Posts : 5741
Join date : 2011-08-16
Location : Woodstock Nation
Re: Federal Reserve to Start Processing ACH Payments for IMMEDIATE Withdrawal (9.15.17)
Welcome StandingByFaith and thanks for joining and commenting. Also on Out of Mind. 

Purpleskyz- Admin
- Posts : 5741
Join date : 2011-08-16
Location : Woodstock Nation
Re: Federal Reserve to Start Processing ACH Payments for IMMEDIATE Withdrawal (9.15.17)
:panda : :juggle:
Purpleskyz wrote:Welcome StandingByFaith and thanks for joining and commenting. Also on Out of Mind.
StandingByFaith- New Member
- Posts : 3
Join date : 2017-09-12
For sure not happening yet
#
still like pulling the handle on a slot machine...the door still not opened

still like pulling the handle on a slot machine...the door still not opened

Monsterdv8- New Member
- Posts : 1
Join date : 2017-09-25
Re: Federal Reserve to Start Processing ACH Payments for IMMEDIATE Withdrawal (9.15.17)
Monsterdv8 wrote:#
still like pulling the handle on a slot machine...the door still not opened
That's because it refers to legitimate inter-bank ACH payments - not the scam being promoted by various scumbags in dinarland.
*****************

Ethel Biscuit- VIP Member
- Posts : 1532
Join date : 2016-04-08
Location : This other Eden

» We will look at the Federal Reserve Act as well as the CAFR for the Fed and the Federal Government, and find out what this bank really is. And the truth may surprise you. Finally, we find out what the stock market or "Wall Street" really is.
» Federal Reserve Changes
» US Federal Reserve
» whats going on in the federal reserve
» Part 2 Federal Reserve
» Federal Reserve Changes
» US Federal Reserve
» whats going on in the federal reserve
» Part 2 Federal Reserve
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
» Guru Okie 2/3/23
» Guru MarkZ 2/3/23 am
» Guru Sandy 2/3/23
» Guru MountainGoat 2/3/23
» Guru Judy 2/3/23
» Guru Bruce Dingleberry 2/2/23
» USD/IQD rate closes higher in Baghdad, Erbil
» Dinar Devalues 22%
» The dollar flies over 170,000 Iraqi dinars
» Guru MarkZ 1/31/23 pm
» Gurus Frank26 & Firefly 2/1/23
» Guru MountainGoat 2/1/23
» Guru Judy 1/31/23
» Guru Bruce Dingleberry 1/31/23
» Guru Okie 1/31/23
» Casinos would surely bring hefty revenues. But Vietnam should have, at most, two casinos, say experts. That said, they also agree that the casinos should be open to all, including Vietnamese.
» New member
» Gurus Frank26 & Firefly 1/30/23
» Guru Sandy 1/30/23
» Guru Nader 1/30/23
» Guru Judy 1/30/23
» Guru Okie 1/29/23
» Guru MountainGoat 1/29/23
» Interim governor briefs Iraq's deputy parliament speaker on CBI's plan to control the forex market
» Keeping devaluation might be Iraq's strategy to suppress depreciation: lawmaker
» Al-Sudani's cabinet has no intention to reverse the dinar's devaluation: lawmaker
» Iraqi dinar plunges to a new low
» "RV UPDATE" BY SANDY INGRAM, MNT GOAT, MARKZ, NADER FROM MID EAST AND FRANK26 1/28/23
» "STATUS OF RV" BY DINAR IRAQ AND DONG VIETNAM 1/28/23
» HOT NEWS BY DINAR IRAQ AND DONG VIETNAM 1/28/23
» Guru Okie 1/28/23
» Guru MarkZ 1/28/23 am
» More than 750 artifacts discovered in Basra 1/29/23
» Mark Zerfoss (aka MarkZ) Intel On The Arrests
» 4,700-year-old ‘tavern’ — complete with fridge, oven and food — unearthed in Iraq 1/26/23
» Guru MarkZ 1/26/23 pm
» Guru Okie 1/27/23
» Guru Judy 1/27/23
» Guru Bruce Dingleberry 1/26/23