Blog Posts

Learn more about Nacha and the payments industry in our monthly distribution of blog posts. Also included in the email are our recent podcasts.

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February 16, 2021
You wouldn’t set out on a road trip without directions. After all, who wants to go 200 miles west only to discover you were supposed to go 100 miles east? So why would a business set up shop and work hard, without getting directions on the right way to handle payments? Unfortunately, that’s been known to happen. And fintechs, for all the brilliance that often goes into them, are no exception.
February 9, 2021
You're invited to join us Feb. 23-25. We have three dynamic sessions each day and have amped up the fun factor throughout.
February 8, 2021
The electronic payments system infrastructure operated normally at a time when few things were “normal.” 
February 3, 2021
Sometimes, changes to the Nacha Operating Rules come in two parts. Such is the case with the Rule on Differentiating Unauthorized Return Reasons, where the second part will be implemented soon.
February 2, 2021
When the pandemic hit, a lot of people suddenly found themselves out of work and in need of savings to weather the storm. The trouble is that even before COVID-19, many Americans didn’t have much put away. This highlights the importance of America Saves Week. 
January 25, 2021
Without a doubt, becoming an AAP is great for career growth, but Brenda Eckert, AAP, sees even more importance in achieving the accreditation. “At Wells Fargo we have a strong focus on the AAP. We feel there is so much value in helping our customers and doing our part to ensure the ACH Network is a quality network,” said Eckert, Senior Vice President, Treasury Services Manager, at Wells Fargo in Minneapolis. 
January 25, 2021
All those who don’t like getting their money faster can stop reading here.  For the rest of us, if you’re expecting (or at least hoping for) a tax refund this year, make sure to give the IRS your Direct Deposit information.  It’s a great idea in general, but this year there are additional reasons for ensuring your refund goes straight to your bank account. For one thing, the IRS said recently that nine out of 10 taxpayers will receive their refund “within 21 days of when they file electronically” if they use Direct Deposit.
January 12, 2021
Moving the modern ACH Network forward to provide users with the best possible experience is one of Nacha’s most important goals. That’s why the ACH Network is always evolving, and this year will be no different. “2021 is going to be a year full of some great Rules changes, things that help drive our ACH Network forward, increase our volume, and keep it the safe, reliable ACH Network that we all know and love,” said Debbie Barr, Nacha Senior Director, ACH Network Rules Process.
January 6, 2021
While Rodgers’ and Hammerstein’s favorite things may have been raindrops on roses, whiskers on kittens and warm woolen mittens, for Nacha some of our favorite things include Direct Deposit and Split Deposit. Throughout 2020, we shared some of our favorite things in posts from Hollywood to a community church in Maryland to tips for simplifying your financial life.
January 6, 2021
It’s been more than two years since Nacha members approved a new Nacha Operating Rule on account validation for Internet-initiated debits. With the change of the calendar to 2021, the effective date of March 19 is just about upon us. Under today’s Rules, Originators of WEB debit entries must use what the Rules call a “commercially reasonable fraudulent transaction detection system” to screen those entries for fraud. 
December 29, 2020
The IRS and the U.S. Treasury have confirmed that 113 million EIPs by ACH are being processed this week, with an effective date of Monday, Jan. 4, 2021. Under the Nacha Rules, RDFIs must make funds available by 9:00 a.m. (RDFI local time) on Jan. 4.
December 21, 2020
The online educational tool has been updated to help businesses adopt ACH as their preferred payment method for B2B and B2C payments.