Blog Posts

September 21, 2020
Some things in life seem destined to be complicated. Assembling furniture from Ikea? Complicated. Deciphering your cellphone bill? Complicated. The list goes on. One thing, however, that’s definitely not on that list is Direct Deposit. In fact, starting Direct Deposit is quite easy, whether it’s for payroll, benefits, expenses, refunds, or any other payments you receive. And once it’s set up, you’re done.
September 20, 2020
New Campaign Highlights the Success of Delivering EIP Payments As the coronavirus pandemic raged across the country, the U.S. government turned to Direct Deposit to deliver millions of stimulus payments to Americans. On April 15, exactly as the IRS instructed, 81 million Americans woke up to find their stimulus payments safely in their bank accounts thanks to Direct Deposit. Ultimately, the IRS would authorize 120 million payments via Direct Deposit.
September 18, 2020
When COVID-19 forced much of the world into lockdown it was unchartered territory for many, including Nacha Consulting, formerly Elevation Consulting. As it turns out, we’ve been busy in recent months, and noticed a common thread among our clients: they want anything tied to payments to be moved to all digital. While the push toward digital isn’t necessarily new, the accelerated pace necessitated by the pandemic is. And it’s brought us clients from across a wide spectrum:
September 18, 2020
This column first appeared on Morning Consult on September 18, 2020. As weeks turn to months and COVID-19 proves to be one of the most staggering challenges of our lifetime, Americans continue to persevere. On behalf of the entire ACH Network, Nacha is proud to play a role in that. 
September 17, 2020
With paper check use declining and electronic payment methods on the rise, the ACH Network has grown tremendously in recent years. A recent PaymentsJournal podcast unpacked how this growth continued into 2020, even as the pandemic disrupted regular economic activity. In fact, the pandemic underscored just how reliable and valuable the ACH Network is to commercial and economic activity.
September 16, 2020
As part of the ACH Network's efforts to educate more corporate end users on the Network and upcoming Rule changes, Nacha is offering two free webinars to corporate end-users.
August 31, 2020
Business Email Compromise is a major concern today, but it appears that the recent enhancement to Same Day ACH has not resulted in any increase in criminal activity, an informal Nacha survey found. The Same Day ACH per-payment dollar limit quadrupled to $100,000 on March 20, 2020. Ninety days after the change, Nacha surveyed its Direct Members to learn about their experiences. More than 80%—accounting for about 81.5% of all commercially originated ACH transactions—responded.
August 27, 2020
Every day seems to bring something different in the payments world. New products, new companies and new ways of doing business all create new challenges. While the complexity of each challenge varies, one thing is always true: it takes collaboration to face them head on.
August 26, 2020
In the U.S., pandemic-related lockdowns brought much of the economy to a standstill, and people largely shifted their activity online. In an effort to provide relief to families and businesses, the federal government infused trillions of dollars into various programs, including direct payments to individuals and loans to small businesses.
August 26, 2020
Phixius, Nacha’s payment information exchange platform, has been selected to present at Finovate on Monday, Sept. 14, at 2.25 p.m. ET. Finovate features demos and presentations on the latest innovations in financial technology.
August 25, 2020
Like ice cream and hot fudge, and Simon and Garfunkel, some pairings are legendary. Direct Deposit and payroll fit that description to a T, and the opportunity to honor that combination is coming up during National Payroll Week 2020, Sept. 7-11. Organized annually by the American Payroll Association since 1996, one of the goals of National Payroll Week is, as APA puts it, to educate people on “how to get the most out of their pay.” The APA and Nacha agree that Direct Deposit is one of the most important ways to do that and get faster access to money on payday.
August 25, 2020
For many colleges and universities, the fall 2020 semester is posing numerous challenges no one would have expected a year ago. But one challenge that never seems to change is the need to raise money. Alumni and families are often willing to help, but is your school making the most of its fundraising efforts?