July 15, 2019 – FIN today urged the Federal Reserve to expand the operating hours of the ACH Same Day, which enables many new payment applications to interconnect with bank accounts. FIN’s comment letter states:

“Longer operating hours for Same Day ACH will better support the payment needs of both consumers and businesses…The ACH system is uniquely ubiquitous, connecting to all bank accounts across the country today, a critical alternative to credit and debit card networks…. The Fed must continue to support and enhance the ACH system and keep up with the needs of consumers and businesses.”

The full comment letter can be found at: http://financialinnovationnow.org/wp-content/uploads/2019/07/fin-federal-reserve-same-day-ach-final-comment-6.15.19.pdf

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