Posted January 24, 2018
HERNDON, Va., Jan. 24, 2018 – NACHA—The Electronic Payments Association® today announced the addition of three new and four re-elected directors to its Board. The Board oversees the governance and administration of NACHA, which has a multifaceted role in the payments industry, as it both administers the ACH Network and acts as a not-for-profit association supporting the broad payments industry.
“We are pleased to welcome the new and re-elected members of the Board – each of whom bring their unique background and skill sets to the Board, representing a diverse set of organizations,” said Jan Estep, president and CEO at NACHA. “The payment industry leaders on NACHA’s board work to support the goals of the organization to encourage the evolution and use of electronic payments.”
The NACHA Board consists of directors representing both large and small banks and credit unions from across the country, and regional payment associations that in turn bring the voice of thousands of organizations to the Board. The new and re-elected directors will serve three-year terms, effective immediately:
These individuals join the existing directors, including:
The nonvoting, advisory representatives of the ACH Operators to the Board are:
“I want to thank those who have served the NACHA Board of Directors and the payments industry with distinction, while welcoming those who are new or returning,” said Laura Lee Orcutt, NACHA Chairperson. “With a strategic eye to the future, the Board will continue to seek valuable input from stakeholders across the payments ecosystem, including the Board Advisory Group, to ensure the continued vitality of the ACH Network, while building on NACHA’s leadership in convening diverse parties in rulemaking, standards development, governance and education.”
The Board Advisory Group consists of diverse end-user organizations and technology solution providers who engage directly with the NACHA Board of Directors and provide input on topics of strategic importance to the use of ACH payments and evolving ACH Network capabilities. The Board Advisory Group is yet another way in which NACHA reaches out and listens to various stakeholders across the payments industry.
More information about NACHA’s governance is available at https://www.nacha.org/about/governance.