Nacha News

Nacha creates broadly adopted payment and financial messaging rules and standards through consensus-led governance, international collaboration, and innovative development practices. We continually advance the ubiquitous ACH Network and engage diverse stakeholders to accelerate a digital future of global financial services interoperability.

Featured News

Nacha Confirms Effective Date of Same Day ACH Expansion

As the steward of the ACH Network, Nacha applauds the Federal Reserve Board of Governors’ approval today of the extension of the National Settlement Service operating hours, which is necessary for the expansion of Same Day ACH. With the issuance of the notice today by the Board of Governors, Nacha confirms that the effective date of the expansion of Same Day ACH is March 19, 2021.

Nacha Named One of the Best Places to Work in Virginia for the Second Consecutive Year

HERNDON, Va., Jan. 13, 2020 – Nacha has been named one of the Best Places to Work in Virginia for a second consecutive year. The annual list was created by Virginia Business Magazine and Best Companies Group. 

This statewide survey and awards program is designed to identify, recognize and honor the best places of employment in Virginia, benefiting the state's economy, workforce and businesses. The 2020 Best Places to Work in Virginia list is made up of 100 companies.

2020 Brings Four Nacha Operating Rules Changes. Are You Ready?


Michael W. Kahn

Michael W. Kahn


New year, new Nacha Operating Rules. 

With four imminent Rules changes, now’s the time to get ready, which is why Nacha hosted the Dec. 3 webinar “2020 Nacha Operating Rules: Preparing for the New Rules.”

The first change arrives March 20, 2020, when the dollar limit for each Same Day ACH transaction quadruples to $100,000. Amy K. Morris, Nacha Senior Director, ACH Network Rules, called it an “across the board” increase covering debits and credits, and applying to all eligible SEC codes. 

Preparations for ACH Network participants include examining risk procedures and educating receivers. 

Just 11 days later, the first phase of implementation begins for a Rules change on Differentiating Unauthorized Return Reasons. 

ODFIs and Originators will have clearer information for when a customer claims there was an error with an authorized payment, as opposed to when a customer says the payment was unauthorized.

Instead of using the popular R10 return reason code, the R11 code will become the code enabling a return that conveys the new meaning of “error” rather than “no authorization.”

Phase one of implementation is April 1, 2020, with phase two arriving exactly a year later.

Another imminent Rules change will also be implemented in two phases, the first of which is effective June 30, 2020. 

Supplementing Data Security Requirements focuses on three large groups: Originators that are not Financial Institutions, Third-Party Senders, and Third-Party Service Providers. They’ll be required to render deposit account information unreadable when electronically storing it. 

Phase one covers companies with 6 million or more annual ACH transactions. Phase two—effective June 30, 2021—will be for firms with 2 million or more ACH transactions a year. 

Finally, the webinar covered what Morris called “breaking news”—a new Rule approved Nov. 19 creating the ACH Contact Registry. 

“Financial institutions can sometimes find it a challenge to figure out how to contact a counterpart at another financial institution in a very quick and concise manner,” said Morris. 

It’s often situations where “time is of the essence,” she said, including fraud, system outages, and erroneous transactions and reversals. 

The Registry will provide “a comprehensive place where you can find, for each of those types of scenarios, somebody that can help you” at another FI, said Morris. 

Starting July 1, 2020, all FIs using the ACH Network will be required to register contact information including people or departments responsible for ACH operations and fraud/risk management. There are also requirements for keeping the information updated. 

The complete 90-minute “2020 Nacha Operating Rules: Preparing for the New Rules” webinar has in-depth details about all four upcoming Rules changes. Click here to visit and purchase the webinar recording. The webinar is worth 1.8 continuing education credits for AAPs and APRPs.