ASAP: What Federal Agencies Need to Know about Same Day ACH
Federal agencies using ASAP.gov
Wed, May 9, 2018 | 1:00 pm ET
Point of Contact:firstname.lastname@example.org
Electronic Funds Transfer (EFT) is the most secure and efficient way for the federal government to make payments and process collections.
The majority of EFT payments processed by the federal government are made through the Automated Clearing House (ACH) network.
Currently, only Fedwire payments can settle the same business day. This will change in March 2018, when ASAP.gov starts supporting same day ACH payments (SDA).
While this adds extra payment convenience, we’re still dedicated to maintaining payment integrity. As a result, Fiscal Service is offering several Same Day ACH webinars during the next few months so federal agencies can learn more about this new functionality.
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