Have you registered for Smarter Faster Payments 2023? You should. Here's why.

The numbers tell the story: The ACH Network is a bright spot amid the economic uncertainty of 2022.

Members of Nacha's Risk Management Advisory Group (RMAG) have guidance to help other financial institutions identify credit-push fraud and assist in recovering funds for the victims of these schemes.

Nacha's Risk Management Advisory Group (RMAG) met in-person in October with an agenda focused on the themes of the “New Risk Management Framework for the Era of Credit-Push Fraud.” One of the main themes discussed was the role that Receiving Depository Financial Institutions (RDFIs) should play in detecting, preventing, and recovering funds from frauds that utilize ACH and other credits.

Another milestone for Same Day ACH as it notches its 2 billionth payment.

Some of Nacha’s top leaders were among those informing and enlightening participants at AFP 2022 in Philadelphia.

A timely reminder that the six-month grace period for Third-Party Senders to conduct a risk assessment and implement a risk management program ends on March 31, 2023.

The ability to quickly receive pandemic-related benefits led some of the nation’s previously “unbanked” households to open bank accounts, which contributed to a continuing decline in the number of unbanked Americans, a new FDIC report found. 

Introducing PaymentsIQ by Nacha: The payments education that works with both your schedule and your wallet.

A new survey from the Association for Financial Professionals (AFP) shows B2B payments are rapidly moving away from checks in favor of ACH and other electronic payments.

Fraud keeps changing. As it does, participants in the payments system need to understand and adapt to emerging fraud scenarios and develop counterstrategies to help protect their customers and themselves. 

Direct Deposit continues to be the overwhelming choice for Americans to receive their wages. In its 2022 “Getting Paid in America” survey, the American Payroll Association (APA) found that more than 93% of those questioned use Direct Deposit.

Changes are coming in September with new late night ACH file deliveries to financial institutions that are Receiving Depository Financial Institution (RDFI) clients of both the Federal Reserve and The Clearing House.

Direct Deposit is a great way to save time and get your Labor Day festivities started sooner.

Getting dentists to switch to electronic claim payments is at the heart of Nacha's new campaign with the American Dental Association.

It isn’t every day that you see an increase of 1,140%. But when you look at some recent gains by Same Day ACH used for business-to-business (B2B) payments that’s exactly what happened. 

While most Financial Institutions are entering quality data in the ACH Contact Registry, Nacha has heard about some frustrations in using the Registry.

Increasing the Same Day ACH dollar limit to $1 million per payment posed no greater fraud risk than the prior $100,000 threshold, a new survey by Nacha’s Risk Management Advisory Group (RMAG) found. 

The next time you visit Nacha’s Risk Management Portal you’ll find several changes which are the direct results of industry input. 

While ACH is as easy as ABC in the payments world, not everyone knows about the benefits of using electronic payments. That’s where Nacha’s Industry Verticals team comes in.