CU*Answers has scheduled the release for March 16 for the final phase to comply with NACHA’s Same Day ACH rules. Phase 3 requires that same-day credits must be posted by 5:00 p.m. credit union time. There will be changes to the timing of the existing ACH postings for the ‘morning’, ‘mid-day’ and ‘evening’ batch postings and instructions were given to credit union to insure their ‘mid-day’ posting configuration include posting credits.

“Giving our clients the ability to configure their own posting settings has set this compliance requirement easy to implement,” said Brian Maurer, EVP of Programming. Posting same day credits for members is another tool to ensure member accounts receive the benefits of electronic posting on a more-timely basis.