January 26, 2018 – Financial Innovation Now today supported a NACHA proposal to expand same day payments and payment processing on weekends and holidays. FIN’s comment letter states:

“FIN member companies are enabling a wide array of economic activity to occur, on a second-by-second basis, among consumers, businesses, and workers. The trend towards flexible on-demand services and products needs an efficient, real-time payment system. This modern infrastructure is particularly important for those individuals and businesses seeking to avoid higher-cost credit alternatives. While the proposed rule changes could be more aggressive, they are a step in the right direction and help ensure that ACH remains a viable and robust payment rail in the rapidly changing modern economy.”

The full comment letter can be found at: http://financialinnovationnow.org/wp-content/uploads/2018/01/fin-nacha-same-day-ach-comment-1.26.18.pdf

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