ICBA said it opposes the addition of a fourth daily same-day Automated Clearing House processing window because it would be burdensome for community banks by adding late-day operational stress, accounting challenges, and settlement risk.
Details: In a comment letter to Nacha in response to its request for comment and information regarding Same Day ACH and Faster ACH Topics, ICBA also said it opposes the acceleration of funds availability for certain non-Same Day ACH credits because it imposes undue risks and operational challenges.