Blog Posts

December 10, 2020
Property management is a big business that handles a lot of money, with managers collecting rents from tenants and then forwarding the funds to owners. As payments increasingly move online and away from paper checks, a fair share of those funds flow through the ACH Network. That makes it all the more important for property managers to be aware of their responsibilities when using the ACH Network.
December 10, 2020
Like the rest of the world, when COVID-19 hit, Jeffrey and Grace Littlejohn were concerned. And like many small- and medium-sized businesses, their family-run residential electrical services company experienced a steep decline in March and April. But a few months later, business began to pick up once again.
December 9, 2020
Nacha is requesting comment on a proposal to increase the dollar limit for Same Day ACH payments.  Complete details, including the Rules Proposal Description, the Modifications to the Rules, the link to comment, and more can be found here. We also invite you to watch our video:
December 8, 2020
Nacha Rules Enforcement Promotes Higher ACH Network Quality Consumers and businesses have come to trust the ACH Network as a secure way to receive their pay with Direct Deposit, pay bills through Direct Payment, donate to favorite causes and more. One factor that helps keep the ACH Network high quality is Nacha’s Rules enforcement.
December 8, 2020
With the holiday season in full swing chances are Direct Deposit isn’t top of mind. Understandable, but before the new year rolls around you should give it some thought. First, it’s worth looking back at 2020, even though for some of us it wasn’t the greatest year. But there are lessons to be learned from the adversity many experienced.
December 7, 2020
There is no doubt that COVID-19 has impacted the way financial institutions are handling payments and payment controls. Functions once performed in the office—be it a bank branch or back office operation—are now often being handled remotely—quite likely on secure laptops in home offices and on dining room tables. 
December 1, 2020
Nacha has teamed up with WiseBread to host a Tweetchat on Thursday, Dec. 10 at 3 p.m. ET. Participants have a chance to win $300 in prizes – one $200 Amazon gift card and two $50 Amazon gift cards. The chat is part of our Direct Deposit Delivers campaign. We’ll be addressing financial planning for the new year and how you can use Direct Deposit and Split Deposit to put your savings on autopilot.
November 23, 2020
The festive season is here and for many of us giving to our favorite causes is an important part of that. For the charities we open our hearts and wallets to, paying by ACH should be an important part of the process. “Charities and houses of worship can really see a tremendous value by using ACH for ongoing donations,” said Brad Smith, Nacha Senior Director, Industry Engagement and Advocacy. Sustaining donors who give regularly by ACH have tremendous value to charitable groups, and Smith has the numbers to back that up.
November 20, 2020
A big enhancement is coming next year for Same Day ACH, but changes to meet the needs of users are an ongoing process, the chairman of the Nacha Board of Directors told a recent conference of corporate treasury professionals. “We never stop. We’re always looking at where do we go next,” said Joe Hussey, Managing Director, North America Payables & Receivables Product Executive, J.P. Morgan.
November 20, 2020
In this most unusual year, we’ve seen many things change, including the way businesses pay vendors. With staff often operating remotely, there’s been a noticeable shift away from paper checks in favor of electronic payments. Now, a new survey finds a big push is on to convert the majority of B2B payments to electronic.  The Association for Financial Professionals conducted the survey during its recent AFP 2020 conference, held virtually. More than three-quarters of responses came from corporate practitioners who manage treasury functions.  
November 18, 2020
Many are familiar with the ACH Network, which last year electronically moved 24.7 billion payments valued at nearly $56 trillion between accounts at different financial institutions for payments including large B2B transactions or payroll direct deposit.
November 6, 2020
There’s a “Seinfeld” episode where Jerry gets hundreds of checks—each for 12 cents—as residuals for appearing on the “Super Terrific Happy Hour,” and winds up with writer’s cramp from endorsing them. The good news now is that whenever that episode—or any other “Seinfeld” episode—plays on TV, the real Jerry can collect his residuals by Direct Deposit.