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.

Featured News

Jane E. Larimer to be Next CEO of Nacha

Announcement Coincides with Refreshed Nacha Brand Uniting its Programs and Initiatives through New Visual Identity

ORLANDO, Fla., May 6, 2019 – The Nacha Board of Directors has selected Jane E. Larimer as the next President and CEO of Nacha effective July 1, 2019. The Board thanks Janet O. Estep, Nacha’s current President and CEO for her successful 11 years of leadership of Nacha and within the payments industry, and welcomes her assistance in the transition before she retires at the end of 2019.

Nacha Introduces the Nacha Corporate Experience

The Nacha Corporate Experience Combines Standards and Technology to Deliver a More Efficient Payments Experience for Today’s Businesses 

ORLANDO, Fla., May 6, 2019 – Today, Nacha introduces the Nacha Corporate Experience, a new way of demonstrating how businesses can more effectively exchange payments and information.

Fintechs Hoping for Bank Charters Face Capital Hurdles

According to the Federal Deposit Insurance Corp., Capital requirements for fintechs interested in bank charters are proving burdensome. Newly chartered financial institutions are required by the Regulator to have achieved a capital-to-assets level of at least 8 percent during its first three years of operating.

FDIC Chairman Jelena McWilliams stated “Working through the capital adequacy issues for fintechs has been rather interesting and cumbersome.” She also said “A lot of them have equity but not really capital; a lot of them are profitable on paper but not really profitable.”