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When you hear the words, Faster Payments, what do you think of? Is Same Day ACH among your options?

Same Day ACH, a new faster payment, was implemented in September 2016.  The usage has grown significantly from 13 million payments in the first partial year to 403 million transactions in the first quarter of 2026 with a value of $1.1 trillion.

NACHA membership recently approved an increase in the dollar limit for transactions to $10 million, effective on September 17, 2027.  Same Day ACH fees will not change but expect new use cases.

Growth leads to change.  Are you ready for the fraud monitoring rules that go into effect June 19, 2026?

The Federal Reserve is also adding a new fraud mitigation service: Payee Name Verification.  This service helps businesses prevent fraud by ensuring the name on the payment matches the intended recipient’s account.  Monitoring services are commercially available.  Explore your options and, of course, work with your originators, who could benefit from fraud reduction, error prevention, and enhanced security.

Although the death of the paper check was predicted decades ago, checks live on and so does check fraud!  If you have not explored the Federal Reserve Check Fraud Mitigation Tool Kit, I encourage a review of the components, which include basic information, fraud schemes, and educational videos.  Google Federal Reserve Check Fraud Tool Kit for details.

The Federal Reserve recently announced changes to cross-border payments. If these changes affect your institution, TBB’s International Department offers convenient access to international drafts and wires, foreign currency forwards, payment collections, banknotes in more than 100 currencies, and letters of credit. For more information, contact your calling officer or call The Bankers Bank and ask for the International Department.

by Kas Stewart, SVP & AAP