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Summary For over a decade, Nacha has been contacting financial institutions to request proof of an ACH Rules compliance audit of the financial institution and, if applicable, its Third-Party Senders, in accordance with Article One, Subsection 1.2.2 …
This ACH Operations Bulletin advises Originating Depository Financial Institutions (ODFIs) and other ACH participants of an amendment to the Nacha Operating Rules regarding the warranty an ODFI makes for an Outbound IAT Entry. This Bulletin is being …
Summary Nacha is updating the sample Written Statement of Unauthorized Debit (WSUD) to include language alerting consumers of the risks of making false claims of unauthorized ACH debits to their financial institutions. In an effort to educate consumers, …
This project team published a web resource for developers who need to code to the Nacha Operating Rules format, but are not Rules experts. Members of the team continue to review, edit and enhance The Guide for Developers , which includes background …
HERNDON, Virginia, Feb. 22, 2023 – The modern ACH Network safely and efficiently processed 30 billion payments valued at $76.7 trillion in 2022, increases of 3% and 5.6% respectively over 2021. “2022 marked the tenth consecutive year in which the total …
The ACH Network continued growing in the final quarter of 2022. Payment volume totaled 7.6 billion, up 2.3% from the fourth quarter of 2021. The value of those payments, $19.4 trillion, is a 3% rise. Use of Same Day ACH remained solid following the March …
Between inflation, market swings, crypto issues and more, the U.S. has weathered an uncertain economic situation in 2022. One bright spot: the modern ACH Network, which has continued growing despite some of the setbacks the economy has seen. Look at the …
ACH Network Moves 7.6 Billion Payments in Third Quarter of 2022; Strong Growth Continues for Same Day ACH
HERNDON, Virginia, Oct. 25, 2022 – 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. Same Day ACH …