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Who We Are
NACHA—The Electronic Payments Association is a not-for-profit association that oversees the Automated Clearing House (ACH) Network, one of the largest electronic payment networks in the world. More than 18 billion ACH payments were exchanged in 2007. NACHA is responsible for the administration, development, and enforcement of the NACHA Operating Rules and sound risk management practices for the ACH Network. Through its industry councils and forums, NACHA brings together hundreds of diverse payments system stakeholder organizations to enable the development of new network services and applications. NACHA represents more than 11,000 financial institutions through direct membership and 19 regional payments associations. NACHA and its members provide education, tools, and resources to increase the adoption of ACH payments to benefit businesses, consumers, and governments. To learn more, visit www.nacha.org and www.electronicpayments.org.
Our Strategic Direction
The ACH Network facilitates commerce electronically
by serving as an efficient, reliable and secure
payments system. NACHA, led by member depository
financial institutions and payments associations,
fulfills this purpose by managing the development,
administration, and governance of the Network and by
providing superior services and value to its members
as the industry association responsible for ACH
payments.
Facilitating Commerce, Electronically - A Strategic
Plan for the ACH Network and NACHA - 2006-2010
Guiding Principles for NACHA and the ACH Network
To ensure that the ACH Network is efficient,
reliable, and secure, NACHA shall execute its
responsibilities consistent with sustaining the
following Network characteristics:
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Governed by depository financial institutions;
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Provides value to depository financial
institutions;
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Universally accessible by depository financial
institutions;
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Based on rules, regulations, and standards that
apply to all depository financial institutions
and participants, and that are aggressively
enforced;
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Functions in a batch-processing environment;
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Transacts value-dated recurring and spontaneous
payments that satisfy business case
requirements;
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Employs robust approaches to measure and
mitigate risk;
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Accommodates the exchange of payment-related
information;
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Recognizes the global nature of commerce and
electronic payments.
What We Do
Rule Making
NACHA provides the legal foundation for the ACH
Network through the development and enforcement of
the The NACHA Operating Rules. Rules and guidelines
are established for all participants in the ACH
system and ensure that the Network infrastructure,
applications, rules and enforcement are consistent
with processing payments in a secure, reliable, and
efficient manner, and that financial institutions
have access to effective risk management tools.
Education
NACHA educates its direct members, the regional
payments associations, and the public through a
diverse offering of conferences, workshops,
teleconferences, and publications. Topics covered
include ACH fundamentals, Rules updates, risk
management, global payments, electronic check,
electronic billing and payment, and more. NACHA also
offers the Accredited ACH Professional (AAP) program
exam each October to individuals seeking industry
credentials.
New Payments Applications
NACHA develops new payments applications through an
open and disciplined process that measures the
impact on all Network participants, including
originators and receivers, and is responsive to the
priorities of depository financial institutions.
Risk Management
NACHA develops and implements a comprehensive risk
management framework for the Network that covers
requirements prior to origination, ongoing
origination requirements, and enforcement, and ACH
Operator risk mitigation services. NACHA also works
to create and implement a robust set of risk
management tools to reduce risk and improve ACH
quality that are consistent with the risk management
framework.
Member Communications
NACHA promotes and consistently communicates the
value and best uses of electronic payments to
depository financial institutions and their
customers through marketing, public relations, and
education. Additionally, NACHA broadly engages key
external audiences to communicate the value
proposition of the Network and ACH Payments.
Marketing
NACHA actively promotes the value and use of
electronic payments through educational materials,
events, speaking engagements, advertising, and
television and radio promotions. Additionally, NACHA
coordinates the annual Direct Deposit and Direct
Payment (May) national campaign, highlighting the
benefits of Direct Deposit for payroll, pension, and
Social security payments.
Regulatory
and Government Relations Issues
NACHA establishes and maintains formal relationships
with key industry audiences, including the Federal
Reserve System and the U.S. Department of the
Treasury and responds expeditiously to regulatory
and government relations issues.
How to Reach Us
NACHA-The Electronic Payments Association
13450 Sunrise Valley Drive, Suite 100
Herndon, Virginia 20171
Phone: 703/561-1100
Fax: 703/787-0996
Membership, Sponsorship, Exhibiting & Advertising:
Membership & Event Sales.
Member Services:
Help Desk.
Publications:
Help Desk.
General Inquiries:
info@nacha.org.
Media Contact:
Donna Schwartze
DSPR
314.330.3488 mobile
donna.schwartze@kc.rr.com
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