Now is the time to be thinking about the Third-Party Sender Roles and Responsibilities Rule which takes effect in September 2022.

The future is now – or at least is in the works. Nacha’s new Alliance Project Team has kicked off and designed a plan for the first Faster Payments Professional Certificate, which will allow payments professionals to demonstrate proficiency in the field of faster payments. The team is on track to launch the program in early 2022.

In a recent podcast interview, Nacha’s Brad Smith discusses BNPL and the ACH Network.

Afinis is a membership-based organization that focuses on the rapid delivery of APIs and other financial services standards across the U.S. and globally.

Nacha’s new Third-Party Sender Roles and Responsibilities Rule changes come into effect on September 30, 2022.

Payments in the United States are becoming faster. To gain a competitive advantage, some financial institutions offer consumers access to funds from an ACH credit before settlement, which is allowed under the Nacha Rules.

The payment industry is constantly evolving and innovating. So are the threats it faces. Scammers work hard conjuring up new tricks, which is why we can’t let our guard down for even a minute.

In just five short years, Same Day ACH – Nacha’s faster payments solution – has gained remarkable traction, with the payments community putting it to work in several use cases.  

An expert in the field of charitable giving says Nacha's Nonprofit Toolkit has a wide range of resources that nonprofits of all sizes will find helpful.

The vast majority of cryptocurrency companies and platforms are increasingly interested in ACH. While at first glance it might not seem like a natural pairing, the synergy comes into focus for one prime reason: ACH gives a competitive edge. 

Routing numbers can change with mergers and acquisitions, or even be retired when no longer needed. Keeping track of routing numbers and which FIs they belong to can be challenging.

Your sales are humming along, bills and invoices are being sent to customers, and the payments are flowing back to your company—and there are a lot of payments. That’s good news. But, that’s also where Goofus processes may lurk!

As the pandemic winds down, both consumers and merchants are beginning  to figure out what the “new normal” will be. This is especially true for the way they interact with money. People are paying at the register with their phones, and merchants are accepting alternative payment methods.

Nacha’s Risk Management Advisory Group has been evaluating potential risk increases and decreases due to Same Day ACH. It has consistently found no justification to fears that Same Day ACH would introduce massive amounts of risk.

ACH frees up time, money and energy so nonprofits can focus on what really matters: their mission.  In creating a new ACH toolkit for nonprofits, Nacha undertook research to see what resonated with donor coordinators and donors. The goal was to ensure the language we use assists nonprofits in their efforts to accept ACH donations.

With the economic slowdown that resulted from the pandemic, the Nacha Risk Management Advisory Group (RMAG) updated its recommendations for ODFIs on sound business practice on exposure risk management. 

When it comes to B2B, sometimes processing payments can be a job in and of itself. Moving the money isn’t complicated, but what’s involved before and after a payment is. Those are among the reasons why Nacha created Phixius.

The Nacha Risk Management Advisory Group (RMAG) held a series of discussions on the topic of Third-Party Senders (TPSs) and the ODFIs that process for them. RMAG developed sound business practices for ODFIs for both the onboarding of new TPS clients and the ongoing monitoring of existing TPS clients.

“What is the difference between EFT, ACH and EDI?” We often get asked this question from business financial teams - even from seasoned financial pros. The quick answer is that all ACH (Automated Clearing House) payments are EFTs (Electronic Funds Transfers), but not all EFT payments are ACH. And EDI (Electronic Data Interchange) is a data format, not a payment.

Bringing ACH processing in-house is a major decision for any financial institution. There’s a lot to consider—including things you might not have considered.