FedACH Offers a Complimentary Report to Help with Same Day ACH Phase 2
June 7, 2017 -- FedACH Customer Communication on Same Day ACH Phase 2 Batch Reports
FedACH announced that they will send out a complimentary monthly report to relieve some apprehension about "unintended same day debit originations."
"Debit entries received before the same day submittal deadlines with an invalid, stale or current date in the effective entry date field will settle as same day transactions, provided that other requirements are also met."
The FedACH report, starting in July, will list qualified ACH debit batches so that ODFIs recognize necessary corrections in the Effective Entry Dates in ACH transactions.