The future is now – or at least is in the works. Nacha’s new Alliance Project Team has kicked off and designed a plan for the first Faster Payments Professional Certificate, which will allow payments professionals to demonstrate proficiency in the field of faster payments. The team is on track to launch the program in early 2022.

In a recent podcast interview, Nacha’s Brad Smith discusses BNPL and the ACH Network.

Afinis is a membership-based organization that focuses on the rapid delivery of APIs and other financial services standards across the U.S. and globally.

Nacha’s new Third-Party Sender Roles and Responsibilities Rule changes come into effect on September 30, 2022. The overarching purpose of the Rule change is to further clarify the roles and responsibilities of Third-Party Senders (TPSs) in the ACH Network by addressing the practice of Nested TPS Relationships. It makes explicit and clarifies the requirement that a TPS conduct a risk assessment and clarifies that a TPS cannot rely on a Rules Compliance Audit or risk assessment completed by another TPS in a chain. 

Payments in the United States are becoming faster. To gain a competitive advantage, some financial institutions offer consumers access to funds from an ACH credit before settlement, which is allowed under the Nacha Rules. Unfortunately, fraudsters are also looking for quick access to illicit funds and want the same benefits of early availability to make off with the money before the Originator, Financial Institution, or law enforcement is aware. 

The payment industry is constantly evolving and innovating. So are the threats it faces. Scammers work hard conjuring up new tricks, which is why we can’t let our guard down for even a minute. Security needs to evolve and innovate every bit as fast for the entire payments universe, regardless of payment type. Everyone involved in the payments space needs to remain diligent.

In just five short years, Same Day ACH – Nacha’s faster payments solution – has gained remarkable traction, with the payments community putting it to work in several use cases.   In a recent podcast interview with PaymentsJournal, Nacha’s Michael Herd discusses the creative ways Same Day ACH is making a difference in the move toward faster payments,

2021 is shaping up to be a banner year for healthcare volume on the ACH Network, as medical and dental providers increasingly recognize the advantages of electronic claim payments. 

Business Email Compromise (BEC) is an increasing concern for organizations of all sizes. Learn what to do to avoid becoming a victim.

An expert in the field of charitable giving says Nacha's Nonprofit Toolkit has a wide range of resources that nonprofits of all sizes will find helpful.

Nine financial institutions have been fined for Class 2 Rules violations for not entering required information in the ACH Contact Registry.

The vast majority of cryptocurrency companies and platforms are increasingly interested in ACH. While at first glance it might not seem like a natural pairing, the synergy comes into focus for one prime reason: ACH gives a competitive edge.