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.

More than 9,000 Third-Party Senders Registered

Other Registration Services Highlighted

Four months after registration for the Nacha Third-Party Sender Registration Database initially opened, a first look at complete statistics is now available. As of the end of June 2018, 5,133 Originating Depository Financial Institutions (ODFIs) have registered their Third-Party Sender status. Of those, 698 ODFIs (13.6 percent) registered a total of 9,096 TPS relationships. 324 TPSs are registered by multiple ODFIs.

In other registration databases:

  • The Emergency FI Contact Database has received registrations from approximately 540 financial institutions, both ODFI and Receiving Depository Financial Institutions (RDFIs). Those FIs have contributed over 1,500 emergency contacts. An additional 950 ODFIs and RDFIs have opted-in to this Database, but have not yet populated any contacts. Nacha is contacting each of the 950 to encourage them to populate contacts. This database is designed to include contact information for multiple key FI personnel. Typically ODFIs/ RDFIs contribute operations and processing contacts; however, they should consider adding internal IT, security, or risk personnel as contacts. A variety of contacts greatly increases the value of the Database.
  • The Terminated Originator Database (TOD), where participants are able to perform part of their due diligence for KYC (Know Your Customer) by adding information on, investigating new, and periodically verifying Originators and Third-Party Senders, is at its all-time highest level of participants since inception in 2013. Almost 1,000 participants are now registered to contribute to and query on the TOD.

The Database is part of the Third-Party Sender Registration Rule which became effective March 1, 2018. The rule requires ODFIs to identify and register their Third-Party Sender (TPS) customers. The registration process promotes consistent customer due diligence among all ODFIs, and serves as a tool to support Nacha’s continuing efforts to maintain ACH Network quality. The TPS Registration database is housed in Nacha’s secure Risk Management Portal.

Information on the Risk Management Portal and the Databases it houses, can be found at https://www.nacha.org/riskmanagementportal