Nacha governs the thriving ACH Network, the payment system that drives safe, smart, and fast Direct Deposits and Direct Payments with the capability to reach all U.S. bank and credit union accounts. Nearly 27 billion ACH Network payments were made in 2020, valued at close to $62 trillion. Through problem-solving and consensus-building among diverse payment industry stakeholders, Nacha advances innovation and interoperability in the payments system. Nacha develops rules and standards, provides industry solutions, and delivers education, accreditation, and advisory services. To do all of this, we rely on the heart of Nacha – our people and Core Values.
In addition to our oversight of the modern ACH Network, Nacha does much more. As a rule writer within the payments space, we are open and transparent by providing numerous ways for stakeholders to have a voice in the development process, which fosters compatibility and integration in the payments system.
The ACH Network
The ACH Network electronically moves money and related payment information quickly and securely from any financial institution account to another. Nacha develops and administers the private sector Nacha Operating Rules for ACH payments, which define the roles and responsibilities of ACH Network participants. Nacha continues to safely grow and enhance the use of ACH payments through collaboration and innovation.
Nacha provides many services that support the use of the ACH Network:
Risk Management Portal
Risk Management Portal: a single resource to access Nacha risk management services and databases, including: Third-Party Sender Registration, Direct Access Registration, Terminated Originator Database, and the ACH Contact Registry.
Nacha Certified: a voluntary certification program for Third-Party Senders to demonstrate that they have solid risk and compliance programs, stability, sound governance, and strong core ACH practices.
Rules Enforcement and Arbitration
Rules Enforcement and Arbitration: a dedicated team that works to promote compliance with the Nacha Operating Rules, and to address claims of non-compliance and resolve disputes.
The Quest Operating Rules for Electronic Benefits Transfer (EBT) enable the distribution of government benefits regardless of state borders. Government entities incorporate the rules in their contracts with private sector service providers. Nacha administers the Quest Operating Rules and works with all interested parties to develop additional standards for related programs.
Healthcare Electronic Funds Transfer
The Healthcare Electronic Funds Transfer (EFT) standard supports electronic claim payments and remittance information between health plans and health care providers, accelerating cash flow and simplifying reconciliation for providers.
Nacha leverages and deploys technologies and resources to advance payments system innovation and interoperability. Nacha consults and partners with our diverse stakeholders to evolve payments to be easy, safe, reliable, and fast.
Phixius is a subscription-based data service platform that facilitates the trusted exchange of vendor information, as well as other pre- and post-payment information. It connects parties securely, easily, and effectively utilizing a model built on established rules, technology, and core principles of security, privacy, standardization, authentication, trust, and auditability.
Nacha Consulting provides advisory services to the industry, supporting banks, credit unions, payment technology companies, and rising fintechs. Our consultants have a deep understanding of the payments system and help clients leverage the ACH Network and other payment rails. Key services include product and process analysis for ACH readiness and conformance to the Nacha Operating Rules, and evaluation of the effectiveness of an organization’s internal policies, procedures, and controls on operations. Nacha Consulting clients engage with a trusted leader in electronic payments.
Afinis Interoperability Standards is a membership-based organization that develops standardized APIs to bring intelligent innovations to market to advance efficiency, surety, security, and interoperability throughout the financial services industry.
Nacha is a leader in payments education. We provide education and training in an omnichannel environment, with both in-person and virtual opportunities, to support financial industry professionals in expanding their skills and knowledge of payments.
In-person events offer robust educational offerings along with unique professional networking opportunities and solutions to meet your business’ payments needs.
Smarter Faster Payments
Smarter Faster Payments Conference is Nacha’s annual conference, providing unparalleled payments education, a dynamic exhibit hall, and valuable networking opportunities. This industry event is designed for a diversity of organizations that are interested in driving innovation, delivering value through new solutions and services, and employing these offerings to meet their business needs and/or those of their customers.
Payments Institute is a unique in-person educational event offering several ways to boost your payments expertise through academic programs. Students design their own custom curriculum from five schools of study, two master’s programs, and lecture halls to achieve their education goals.
Virtual events provide the same quality Nacha payments education as the in-person events but are tailored for robust learning and networking - and are accessible from anywhere.
Payments Remote Connect
Payments Remote Connect is the ideal event for those seeking to attend the industry’s premier payments conference but are unable to travel. Remote Connect delivers over 100 interactive sessions, exhibitor solutions and networking events. During the event dates of Remote Connect, attendees and speakers participate in live Q&A and engage with exhibitors and other attendees. Access to session content is available to attendees for 90 days following the event, at no additional cost.
TPI Home School
TPI Home School virtually delivers the quality content of the Payments Institute and provides payments professionals with the opportunity to select courses based on their needs, or with the ability to follow along with a particular school of study. Students receive actionable takeaways that can be immediately implemented in their organization.
Distance Learning provides convenient, virtual options for both live and on-demand educational content by utilizing multimedia presentation platforms and other tools to foster engagement between attendees and presenters.
SPEAK (Strengthening Payments Engagement and Knowledge) is a subscription-based, on-demand learning platform that offers payments education developed by a broad range of leaders in the payments arena.
Webinars deliver tailored education for new and seasoned payments professionals, and are offered in both live and on-demand formats.
Accredited ACH Professional
The Accredited ACH Professional (AAP) is a professional certification designating that an individual has demonstrated a comprehensive knowledge of all areas of ACH, a deep understanding of and experience in one or more specific ACH subjects, and a broad knowledge of concepts that relate to the payments system.
Accredited Payments Risk Professional
The Accredited Payments Risk Professional (APRP) is a professional certification designating that an individual has demonstrated a comprehensive knowledge of risk management strategies, concepts, and mitigation techniques within the payments ecosystem, while mastering the complexities of risk management for ACH, check, wire, debit, credit, and prepaid cards, and emerging and alternative payments.
Nacha produces the Nacha Operating Rules & Guidelines and other payment-related publications, guides, and training materials in hard copy and digital formats.
Nacha unites diverse provider and end-user organizations to advance understanding and accelerate collaboration for payments interoperability and innovation.
Nacha Direct Member
Nacha Direct Members, comprised of Financial Institutions and Payments Associations, shape and influence the governance and direction of the ACH Network and the Nacha Operating Rules. Direct Members are active participants in educating and advocating for the ACH Network with regulators, legislators, and other stakeholder organizations whose policies affect the payments system.
Payments Innovation Alliance
The Payments Innovation Alliance is a diverse membership group of domestic and international organizations uniting to support payments innovation through discussion, debate, education, networking, and special projects. The Alliance incubates new ideas and initiatives to advance the industry.
Nacha Affiliate Program
The Affiliate Program is an information-only membership option for organizations wanting to connect at the national level to stay current and expand their knowledge of the Nacha Operating Rules.
Nacha Preferred Partner
The Preferred Partner program enables select innovators to showcase and promote their solutions that align with Nacha’s strategies to advance the ACH Network.
Jane Larimer, President and CEO
Jane Larimer is President and CEO of Nacha, which governs the modern ACH Network, the payment system driving nearly 27 billion safe, fast payments annually. Jane has led Nacha since July 2019, guiding the association as it builds consensus to advance innovation in the payments industry. She was named one of the Most Influential Women in Payments in 2021 by PaymentsSource, which cited the “key payments milestones” she has helped Nacha achieve and her work to advance the ACH Network, among other factors.
An Ohio native raised in Florida, Jane joined Nacha as its first in-house counsel in 1996 and has also served as the association’s chief operating officer and executive vice president of ACH Network Administration.
Jane holds a law degree from the University of Florida – Fredric G. Levin College of Law. Prior to Nacha, Jane practiced law in Atlanta at a firm now known as Bryan Cave LLP, and earlier worked at NationsBank, now Bank of America.
Nacha Board of Directors
The officers and voting members on the Board of Directors represent a diverse set of depository financial institution voices and oversee the governance and administration of Nacha as ACH Network administrator and industry trade association. The Board strives to be an advocate for the industry, providing guidance and addressing matters of strategic significance to the ACH Network and national association throughout members’ three-year terms.
The Board of Directors:
- Joe W. Hussey, Managing Director, North America Payables & Receivables Product Executive, J.P. Morgan Chase & Co., Chairperson
- Laura J. Listwan, AAP, CTP, Senior Vice President, Head of Commercial Payments Products, Fifth Third Bank, Vice Chairperson
- Russell K. Oatman, Senior Vice President, Division Head, Corporate Treasury Services, First National Bank of Omaha, Secretary/Treasurer
- Jane Larimer, President & Chief Executive Officer, Nacha
- Marlene Barkheimer, President & Chief Executive Officer, Farmers State Bank
- Sarah T. Billings, Senior Vice President, Head of Payments Product, Operations & Strategy, Treasury Management, PNC Bank
- Kevin J. Christensen, CISA, CRISC, CTGA, Senior Vice President, Market Intelligence & Data Analytics, SHAZAM, Inc.
- Nicholas J. Drinkwine, APRP, Senior Vice President, Senior Director of Enterprise ACH and Wire Operations, Capital One
- Michael Fossaceca, CCM, Managing Director, North America Region Head for Treasury & Trade Solutions, Citibank, N.A.
- Vikram Israni, Chief Financial Officer, Wings Financial Credit Union
- Tina M. Knapp, CPA, Vice President & Director, Payments & Service Support, ESL Federal Credit Union
- Stephen C. Max, Senior Vice President, Head of Transaction Processing Operations, U.S. Bank
- AJ McCray, Managing Director, Head of Global Corporate Payments, Bank of America
- Tim Mills, Senior Vice President, Emerging Payments, Regions Bank
- Philip C. Picillo, Esq., CTP, Senior Vice President, Treasury & Payment Solutions, Webster Bank
- William J. Schoch, President & Chief Executive Officer, Wespay
- Carl Slabicki, AAP, CTP, Managing Director, BNY Mellon
- Uma Wilson, AAP, CTP, Executive Vice President, Chief Information & Product Officer, UMB Bank, N.A.
- Michelle E. Ziolkowski, CTP, Senior Vice President, Head of Global Payables, Wells Fargo
The ACH Operator Advisor Representatives to the Board:
- Jason Carone, AAP, APRP, CTP, Senior Vice President, ACH Product, The Clearing House
- Keith Melton, Senior Vice President & Chief Strategy Officer, Retail Payments Office, Federal Reserve Bank of Atlanta
ACH Network Advisory Board
The ACH Network Advisory Board serves as a venue for senior executives from a balanced cross-section of corporations, fintechs and other technology providers to communicate directly with the Nacha Board of Directors. The ACH Network Advisory Board engages in dialogue with representatives of the Nacha Board and provides input and feedback on topics significant to the ACH Network and to those who use or support and enable the use of ACH payments by others.
Nacha has continually engaged diverse non-financial institution organizations through membership programs, industry outreach, and various groups and channels within Nacha rulemaking on the development of the ACH Network and the Nacha Operating Rules. The ACH Network Advisory Board is an integral part of this engagement.
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