The implementation of Phase 1 of the Same Day rule has so far been uneventful, almost Y2K like, compared to what some predicted, but that could change as we introduce debits in Phase 2. Debits create greater havoc on account holders then credits and originators are more likely to want to collect items faster. This session will explore the issues that must be addressed when implementing Phase 2 for both ODFIs and RDFIs. This session will focus on the use cases for faster processing of debits and how that impacts both consumer and corporate account holders when dealing with end of day processing of entries. We will also explore if same day debit origination can help reduce exception items.