When did your financial institution last check its listings in the ACH Contact Registry? Today's a good day to do that.

For any administration, regardless of party, the financial world always puts a lot on your plate. The third year of the Biden administration is no different, and Nacha’s Government Relations Advisory Group (GRAG) recently learned what some of the policy issues will be priorities for not only the administration but the 118th Congress.

A checklist approach to payments could help Originators comply with rules and regulations, avoid errors, and reduce fraud. We have a basic electronic payment checklist to consider.

These cards are durable for your desktop and right at your fingertips to get all the critical information for handling government exceptions. These detailed cards are a must for every financial institution.

This tool, modeled after the popular ACH Quick Reference Cards for Financial Institutions, is specifically designed for corporate ACH users.

This Adobe-based product provides a four-year (2017-2020) archive compilation of the Nacha Operating Rules & Guidelines content in a convenient ebook presentation.

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

HERNDON, Virginia, November 30, 2022 – Nacha's Payments Innovation Alliance has created a new resource aimed at financial institutions, billers and payments processors.

Following the increase of the Same Day ACH dollar limit to $1 million in March 2022, Nacha and the ACH Operators - the Federal Reserve and The Clearing House - have completed the latest phase in the acceleration of ACH payments with the implementation of “Late Night ACH.”

CGI is a Nacha Preferred Partner for Data Innovation

Socure is a Nacha Preferred Partner for Compliance/Risk and Fraud Prevention

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.

Steady growth continued for the ACH Network in the third quarter of 2022, with 7.6 billion payments processed valued at $19.2 trillion. Those are increases of 4.2% and 6%, respectively, from a year earlier.

Alliance members and guests will meet October 11-13 for our fall member meeting! More details will be provided soon.

MEETING DETAILS

Registration
Registration will open in early June 2023

To access presentations from this meeting, please visit the Member Resource Center. Be sure you are logged in.

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.

Today, Nacha, the U.S. Faster Payments Council (FPC) and our nation’s Payments Associations announced a first-of-its-kind alliance to create the Accredited Faster Payments Professional (AFPP) program. This partnership demonstrates a cross-industry collaboration to benefit the entire payments community.

Nacha released a report on its latest Risk Management Framework today, providing a new strategy for industry participants in both the ACH Network as well as other payments systems to address new and persistent frauds that increasingly make use of credit-push 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. 

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.