1. The ACH Network and the Future of Payments
September 2019
Utility Payments Conference
Danita T. Tyrrell AAP, APRP
Director, ACH Network Rules

2. The ACH Network is Thriving

4. Commonly Used U.S. Faster Payments Solutions
Nacha Same Day ACH
The Clearing House RTP© network
Early Warning Zelle©
Mastercard MoneysendTM
SHAZAM Network
ExcheQ
Visa Direct
New entrant: FedNow 24x7x365 Real time settlement support Target date:

5. Enhancements Are Coming to Expand the Capabilities of Same Day ACH
SOONER
Beginning Sept. 20, 2019, the availability of funds for many Same Day ACH and other ACH credits will occur sooner in the day
HIGHER
Beginning March 20, 2020, the per-transaction dollar limit for Same Day ACH will increase to $100,000
LATER
Beginning March 19, 2021, access will be extended by enabling Same Day ACH transactions to be submitted to the ACH Network two hours later every business day

6. Providing Faster Funds Availability
Funds availability times for ACH credits, by RDFI receipt time
1 - RDFIs in the Atlantic Time Zone may use Eastern Time as local time for the 1:30 p.m. and 5:00 p.m. requirements
2 - End-of-processing day will be the same standard as with Same Day ACH’s original Phases 1 and 2

7. Expanding Access to Same Day ACH
Effective Date for third window: March 19, 2021

8. Faster Payments 101 Foundational concepts on faster payments
At-a-glance solution comparison
Resources for more information
First step in education process
-payments-101

9. Faster Payments Playbook
Educational and decision making platform to help entities develop a faster payments strategy
Will coach organizations on:
Need for a strategy
Developing a strategy
Opportunity costs of not developing a strategy
Implementing a chosen strategy
Operational and post-implementation challenges
Under development by the Payments Innovation Alliance’s Faster Payments Project Team

10. APIs (Application Programming Interface)
What is an API?
Set of programming instructions that lets one software application ask another to perform a task or series of tasks
Always on and communicating real time
Enables direct & real-time communication between back-office systems
Corporate-to-bank
Bank-to-cloud ERP
Three types of APIs
Public
Partner
Private

11. Afinis
Resulted from merger of Nacha’s Payments Innovation Alliance’s API Standardization Industry Group and the IFX Forum, an international standards organization
Mission
Afinis is a member-led organization established on behalf of the financial services industry by NACHA. NACHA unites diverse stakeholders to develop rules and standards that foster compatibility and integration across the financial services ecosystem. Afinis members share a single vision: to improve and support efficiency, safety, and interoperability for all financial services participants by developing and promoting adoption of implementable and open API and financial services messaging standards.
Strengthen and accelerate development of standardized APIs in support of the U.S. and global financial services industry

12. Afinis Developer portal and sandbox where developers can
Register to access Afinis APIs
Discover and explore documentation
Upload Apps for Afinis sandbox testing
Learn and collaborate with other developers
Focus on business payments and treasury services

13. Afinis Released API standards Get Transaction Status
Allows an Originator to check status of a submitted payment instruction
Initiate ACH Payment
Allows businesses to submit payment instructions without having to work across multiple systems

14. Afinis API use cases for future development
Real-time Billing Account Number Verification
Get Corporate Transaction History & Get Corporate Account Balance
Expand Bank Contact To Support Possible Rule
Request for Payment
Account Validation for Tax Credits

15. Nacha Corporate Experience
Demonstrates how businesses can leverage Afinis APIs to more effectively exchange payments and information
Shows how to simplify the pre-payment and post-payment processes
Fast, simple and standard end-to-end transactional experience

16. Nacha Elevation Consulting
Expert services for organizations that need help understanding how payments can best work for them
Customized payment strategy development and implementation
ACH Education
Custom Onsite Training

18. QUESTIONS? THANK YOU! Danita Tyrrell, AAP, APRP
Director, ACH Network Rules
THANK YOU!