Nacha News

Nacha creates broadly adopted payment and financial messaging rules and standards through consensus-led governance, international collaboration, and innovative development practices. We continually advance the ubiquitous ACH Network and engage diverse stakeholders to accelerate a digital future of global financial services interoperability.

Fast Payments Tracker - February Edition February 2016 issue of Faster Payments Tracker with a featured article on how the ACH Network has continuously evolved and its next change will be to move its payments and information to same-day clearing and settlement cycles.



In the push toward the successful implementation of same-day transactions and realtime payments, splashy technology may not be the right fit for our financial institutions. As banks make a concerted push toward real-time payments, one industry expert believes it is increasingly unlikely that FinTech innovations like the blockchain will be viable to serve as the backbone for an integrated solution.

Although our venerable financial institutions can learn lots from independent technology players as they develop their own secure, regulated real-time offerings, they will likely need to work atop existing infrastructure to rein in risk and meet regulatory compliance requirements. Innovative, independent FinTech options potentially open windows for risk (mostly unforeseen) that just seems too great for risk averse financial institutions and their customers to take on...

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