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Third-Party Service Providers

• In some instances, an originator, ODFI, or RDFI may choose to use a Third-Party Service Provider for all or part of the process of handling ACH items.

• A Third-Party Service Provider is an entity that performs the ACH functions on behalf of the originator, ODFI, or RDFI.

• This can include the creation of ACH files or just acting as a sending or receiving point on behalf of an ODFI or RDFI.

Same Day ACH

• NACHA has recently adopted a Rule to provide a new, ubiquitous capability for moving ACH payments faster. The Rule enables the same-day processing of virtually any ACH payment. • Remember, most ACH payments are settled on the next business day. This NACHA rule change enables ACH Originators that desire same-day processing the option to send same-day ACH transactions to accounts at any receiving financial institution (RDFI). • The Rule includes a “Same Day Fee” on each Same Day ACH transaction so that RDFIs would recover, on average, their costs for enabling and supporting Same Day ACH (currently 5.2 cents per transaction).