- Nacha a nonprofit organization that convenes hundreds of diverse organizations to enhance and enable electronic payments
- Nacha members approved a measure to increase the pre-payment maximum from the current $100,000
- It apply to all eligible Same Day ACH payments, including credits and debits for both businesses and consumers
- Nacha made a significant enhancement to Same Day ACH every year since it introduced in 2016
- The $1 million limit beneficial for many types of payments, from insurance claim payments and payroll funding
- The approval comes just weeks after Same Day ACH operating hours extended
