November 4, 2020
Every hour of every day, in corners of the world near and far, the men and women of the United States armed forces are hard at work keeping us safe. That’s why it’s important to pause every Nov. 11—Veterans Day—to remember the sacrifices so many have made for the rest of us.
October 29, 2020
Direct Deposit is one of those things that’s easy to take for granted. Yet, like clockwork, it delivers employees' salaries each payday, as well as Social Security and veterans’ benefits.
October 26, 2020
Nacha’s Afinis Interoperability Standards will hold a virtual planning meeting on Wednesday, Oct. 28 from 3:00 to 5:00 p.m. ET via GoToMeeting. This will be a working meeting utilizing agile program increment planning to determine the steps for the next Afinis sprints.
October 19, 2020
While it might be surprising to realize that Same Day ACH went live more than four years ago, ongoing enhancements to this new ACH Network capability have kept the ACH industry busy. Following the increase in the Same Day ACH dollar limit this past March, a new Same Day ACH processing opportunity arrives in March 2021, at which point “the streak will still be alive of six phases of Same Day ACH becoming effective over six consecutive calendar years,” said Michael Herd, Nacha Senior Vice President, ACH Network Administration.
October 19, 2020
Willie Nelson couldn’t wait to get on the road again. Nor can Nacha’s Industry Verticals team. They’re used to visiting conferences far and wide to share the benefits of ACH payments for everything from charitable giving to recurring subscription payments and more. As the pandemic has forced in-person conferences online, the team remains hard at work, only remotely. Nacha and the ACH Network have sponsored and exhibited at virtual events with anywhere from 2,000 to 20,000 attendees.
October 14, 2020
Along with panelists from Visa and EY, Nacha's George Throckmorton recently participated in a panel on "Frictionless Finance: Using Data to Accelerate and Connect Businesses" at Sibos 2020, which is a global financial services event organized by SWIFT. The presenters discuss how data "powers payments" and is the key to frictionless commerce.
October 9, 2020
In a recent interview with PaymentsJournal, Nacha’s Jane Larimer discusses how the ACH Network delivered stimulus payments on time.
October 6, 2020
Not only has Nacha’s Afinis Interoperability Standards released its newest standardized application programming interface (API), but it also has found an early adopter to put it into action.
October 5, 2020
Phixius, an online platform that integrates technology, rules and participants to exchange payment-related information across all payment types, was recently featured in Bank Info Security. In the article, Nacha Managing Director George Throckmorton, who is leading Phixius, said the new platform addresses the manual process of data exchange. Specifically, he said:
October 5, 2020
Americans are overwhelmingly choosing Direct Deposit for their pay, a new American Payroll Association (APA) survey finds. When asked how they receive their pay, 94% of respondents said Direct Deposit, according to APA’s 2020 “Getting Paid in America” survey.
September 30, 2020
It doesn’t seem that long ago we sent out an email heralding the launch of the ACH Contact Registry. Now we’re at the point where the ACH Contact Registry has been open three months, with another very important milestone literally days away. October 30 is the deadline for financial institutions to register their contact information. That’s coming up fast, and while procrastination may be fine for some things (the weeds in your lawn will still be there next weekend), it’s not for this.
September 24, 2020
As technological innovation continues to reshape the payments industry, APIs are becoming a prominent feature of the landscape. But as APIs become a facet in the payments industry, so does the need for API standardization and common practices. Such a framework is necessary for innovation and growth to continue at a quick pace.