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Effective Sept. 23, the National Automated Clearing House Association (NACHA) will implement phase 1 of the Same Day Automated Clearing House (ACH) initiative on an optional basis. For details, see Same Day ACH: Moving Payments Faster on the NACHA website.
The Comptroller’s office has opted out of Same Day ACH processing for state payments. The initiative may be reconsidered in the future after further research and analysis of potential systems changes and associated costs.