As of September 2017, NACHA implemented Phase 2 for same day ACH payment processing so that payroll direct deposits and other forms of ACH payments (debits) can be made earlier than "next business day." ..
Date : Saturday, April 22, 2017
Date : Wednesday, November 02, 2016
One of the most important responsibilities of any organization is completing payroll for employees. Today, direct deposit is a popular way to accomplish this obligation. This process is completed through the Automated Clearing House, or ACH, which has had great results with employee satisfaction: Around 87% of workers are happy with their employer utilizing ACH to send funds directly into their accounts, according to National Automated Clearing House Association (NACHA). ..
Date : Monday, June 27, 2016
Companies have been utilizing Automated Clearing House payments for years to quickly, easily and safely transfer funds. Not only is this method efficient for businesses, but it’s effective for employees as well. Proper use of ACH can improve worker satisfaction over time, as the tactic makes the money available right away. Although 82 percent of U.S. employees are paid via ACH, according to a study from the National Automated Clearing House Association, many employers using the payment technique may not know the history behind it. Cachet has an inside look at how the direct deposit practice came to be so popular: ..
Date : Tuesday, June 07, 2016
The process of handling money can be tiresome for companies, especially for payroll teams using a number of methods to complete employee payment. While some companies still utilize paper checks for payroll, the majority of businesses in the U.S. have implemented the Automated Clearing House for this procedure. In fact, 82 percent of U.S. workers are compensated via ACH, according to a study from the National Automated Clearing House Association. In addition, 79 percent of organizations that haven't introduced the practice are familiar with ACH...