About NACHA – The Electronic Payments Association

Steward of the ACH Network

Brings Diverse Organizations Together to Develop Payments Rules and Standards

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NACHA – The Electronic Payments Association has a multifaceted role in the payments industry, as it both administers the ACH Network and acts as a not-for-profit association supporting the broad payments industry.

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About NACHA

NACHA – The Electronic Payments Association is the steward of the ACH Network – one of the largest, safest and most reliable payment systems in the world. The ACH Network creates value and enables innovation by universally connecting all U.S. financial institutions, and moving money and information directly from one bank account to another.
 
NACHA’s self-regulatory work through the NACHA Operating Rules, as well as its leadership and engagement of wide-ranging Network participants, has helped make the Network ubiquitous, while still evolving its capabilities over time. NACHA administers and facilitates private-sector operating rules for ACH payments, which define the roles and responsibilities of ACH Network participants.

As a not-for-profit association, the organization works with others to support and bring the payments industry together in a variety of ways. Through the Payments Innovation Alliance, accreditation programs, conferences and educational offerings, NACHA unites payments systems stakeholders, fostering dialogue and encouraging the use and evolution of electronic payments.

The association also brings together diverse organizations to develop rules and standards to benefit a variety of payments ecosystem participants, including Electronic Benefits Transfer (EBT), and healthcare Electronic Funds Transfer (EFT) and other industry groups. By collaborating with other standards organizations and geographies, NACHA facilitates compatibility and integration with U.S. payments. 

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Purpose

The purpose of NACHA – The Electronic Payments Association is focused in two ways:

ACH Network:

  • The ACH Network enables end users to easily make payments through a high-quality, ubiquitous payment system that securely and efficiently moves money and information directly from one bank account to another.

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  • NACHA enables financial services industry stakeholders to shape and benefit from common rules sets and standards for ACH and other transaction types through its expertise in convening diverse parties in rulemaking, standards development, governance and education.
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History

Originally conceived of and created by collaboration among several ACH Associations in 1974, NACHA has evolved from a set of ACH rules and regulations to the Network governing body it is today. Throughout all of our growth, the safety and security of electronic payments has always been the first priority.

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Administrator of the ACH Network

As the ACH Network administrator, NACHA is responsible for three areas:

  • NACHA Operating Rules: We manage an inclusive, disciplined rulemaking process in order to establish rules that are both fair and equitable. Those Rules provide the legal foundation for the ACH Network.
     
  • ACH Network Enforcement and Risk Management: We strike a balance between risk management and continued innovation in the ACH Network, allowing our participants to trust the security of the Network. To address risk and Rules enforcement, we rely on informed perspectives from all Network participants, education and research, and clear channels of communication and collaboration.
     
  • ACH Network Development: We unite payments systems stakeholders through the Payments Innovation Alliance, strategic initiatives and opt-in programs that pursue innovative uses of the Network. Our goal is for every organization with an interest in electronic payments to have the opportunity to engage in dialogue and education surrounding the ACH Network, which in turn strengthens that Network. 

The Network allows billions of Direct Deposit and Direct Payment transactions to be sent via ACH, giving consumers and businesses continued confidence in making account-to-account transfers.

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Not-for-Profit Association

NACHA also provides services in three areas:

  • Education and Accreditation: Together with Regional Payments Associations (RPAs), we help industry professionals expand their knowledge, benefiting the individual as well as his or her company. NACHA’s national-level education and accreditation complements training offered by RPAs.
     
  • Industry Engagement: We work with depository financial institutions, business and government end users, innovators and solution providers, and key external organizations to consistently communicate the value and best use of electronic payments. By using research and industry trends and insights, we engage payments professionals in sustaining a strong Network that continues evolving to meet end user needs.
     
  • Communications and Advocacy: Collaboration with other industry trade groups and policymakers allows us to create Network advocacy messages and resources for use by all. That advocacy and communication, in turn, preserves the positive attributes of private-sector rulemaking and helps all affected groups understand the benefits of the Rules

NACHA’s role as a not-for-profit association allows us to work both with and for you, preserving a secure ACH Network while simultaneously taking your voice into account.