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NACHA Expedited Processing and Settlement (EPS) Update

The Electronic Payments Association, known as NACHA, confirmed they will not proceed with the Expedited Processing and Settlement (EPS) proposal, after the balloting process at NACHA. The EPS proposal would have required a new premium same-day, network-wide service on the Automated Clearing House (ACH) network. 

The Missouri Credit Union Association, in conjunction with Credit Union National Association (CUNA), other leagues, and credit unions did not support the EPS proposal. CUNA has participated on the NACHA EPS Industry Support Group and has raised concerns about the proposal with NACHA other ACH participants.  In December 2011, MCUA submitted a comment letter that emphasized that not all receiving financial institutions should be required to receive and post same-day ACH payments because of significant implementation and risk management concerns, especially for smaller credit unions and other financial institutions. Instead, an opt-in or a pilot program approach was recommended.  


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