November 10, 2020
Today Nacha announces that Phixius, a new platform that facilitates the trusted exchange of payment information is live and has completed its first information exchange transactions between participants.
August 28, 2020
Discussing the effects of the COVID-19 pandemic on payments The Payments Innovation Alliance successfully held its first-ever Pop-Up Meeting in August. And in keeping with the interesting times we are now living in, it was – of course – all virtual. More than185 payments industry movers and shakers representing 110 member organizations – including financial institutions, solution providers, and financial regulators – met online to discuss changing business conditions, the shifting payments landscape, and the new opportunities that lie ahead due to the COVID-19 pandemic.
March 16, 2020
Effective March 13, 2020 In response to recent guidance from the Centers for Disease Control and Prevention regarding the COVID-19 virus, the AAP Blue Ribbon Panel and the APRP Oversight Panel approved a temporary waiver of the maximum number of Continuing Education Credits (CECs) that can be earned via self-study. The AAP and APRP Continuing Education Guidelines currently allow for a maximum of 10 hours per year earned via self-study.
December 23, 2019
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.
December 3, 2019
At its most recent meeting, members of Nacha’s Risk Management Advisory Group (RMAG) discussed tips on how a financial institution can prepare for its next regulator exam. These tips are based on conversations that several RMAG members have had with financial institutions, regulators, and others at a variety of recent forums. Payments are becoming more complicated and require a knowledgeable, talented staff that can correctly assess and mitigate risk. Among some of the key points that the members of RMAG discussed were the following:
November 19, 2019
The Nacha Board Nominating Committee is pleased to recognize those individuals who have been elected as Board Chairperson, Secretary/Treasurer and Nacha Directors. Officer Elections Officer candidates were put forward by the Nominating Committee for Board approval at the Nov. 13-14, 2019, meeting of the Nacha Board of Directors.
August 29, 2019
Nacha President and CEO Jane Larimer recently penned an op-ed, "Call for faster paychecks overlooks key facts," which was featured in The American Banker. In it she wrote:
July 23, 2019
Nacha continues to work diligently with key partners in both the Healthcare and Dental industries. Second quarter 2019 Healthcare EFT transactions via ACH were up 9.4 million over the same quarter in 2018, which is a 12.8% increase. Significant progress has been made over the past several years as Nacha works closely with CAQH, HHS, the American Dental Association and others to improve the payments flow for B2B healthcare payments, and to address pain points experienced by healthcare and dental providers.
June 29, 2019
Afinis Interoperability Standards members will meet July 9-10 in Atlanta for a Program Increment (PI) Planning Meeting to review the group’s latest work efforts and identify new initiatives and goals for the second half of 2019. Nearly 40 Afinis Interoperability Standards members will meet in person to receive an update; launch a new members-only section of the group’s online portal; and evaluate the status of new application programming interfaces (APIs) under development, as well as plan for which ones will launch in the short term.
April 26, 2019
The Consumer Financial Protection Bureau has issued a Request for Information (RFI) regarding potential regulatory changes to the current remittance Rule. The RFI seeks information on two specific areas of the rule.
April 23, 2019
HERNDON, Va., April 23, 2019 – Afinis Interoperability Standards, a new member-led organization supported by Nacha, announced its inaugural Board of Directors and Board Officers. The Board of 10 members and three officers will guide the strategic direction of the organization, which is advancing financial industry standards, including API standardization and other financial services standards, across the U.S. and globally.
April 15, 2019
Online voting for the winner of the Nacha Excellence in Payments Award now open; voting for the ACH Challenge Award will take place at PAYMENTS 2019 in Orlando HERNDON, Va., April 15, 2019 – Nacha announces the finalists for its 2019 Payments Awards, which celebrate proven accomplishment and leadership in the payments industry and recognize and reward the payments innovations defining the future. The Nacha Payments Awards include the Nacha Excellence in Payments Award and the ACH Network Challenge 2019.