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.

Nacha Announces 2016 Payments System Awards Recipients

PHOENIX, April 19, 2016 – Nacha—The Electronic Payments Association® today announced the recipients of its 2016 Payments System Awards, which recognize the highest degree of achievement in the development, implementation and advancement of electronic payments.
The award winners will be recognized during the Nacha Payments System Awards Luncheon, sponsored by TD Bank, N.A., at PAYMENTS 2016, which is being held now through April 20 at the Phoenix Convention Center in Phoenix, Arizona.
PAYMENTS 2016 is the premier educational event for the payments industry. Financial institutions of all types and sizes, solution providers who are changing the market, corporate decision makers and government end-user customer organizations gather annually at the conference to network, learn how to improve their bottom line and increase their competitiveness to move the payments industry forward.
The 2016 George Mitchell Payments System Excellence Award
The George Mitchell Payments System Excellence Award, named after former vice-chair of the Board of Governors of the Federal Reserve, George Mitchell, an early proponent of electronic payments, honors an individual or organization that has shown superior leadership in the development, implementation or advancement of domestic or international electronic payments.
Presented to:
  • VocaLink, the domestic electronic (non-card) payments hub for the United Kingdom, for leadership in growing and advancing global payments. Through innovation, expansion, and development of products supporting faster payments and mobile payments, VocaLink has helped to increase payments access, efficiency and security across the globe. 
The 2016 Kevin O’Brien ACH Network Award
The Kevin O’Brien ACH Network Award, named in honor of the late Kevin O’Brien, Nacha’s 1999-2000 chair, recognizes best practices in ACH participants’ efforts to innovate or improve ACH services and/or the integrity, reliability and environmental benefits of the ACH Network through strategic initiatives and projects.
Presented to:
  • NPS Rent Assurance Powered by Neighborhood Pay Services, a payroll direct deposit platform, for leveraging the ACH Network to provide a simple solution to deliver rent reliably and efficiently, enabling more consumers to gain access to and maintain housing, and property owners to expand and sustain resident populations. 
“Nacha is proud to recognize VocaLink and NPS Rent Assurance as well-deserving recipients of the 2016 Payments System Awards,” said Janet O. Estep, president and CEO of Nacha. “Both companies have found innovative ways to meet the needs of a changing payments industry while demonstrating just how important and integral electronic payments are to everyday life.”
Nacha also announced Louise Roseman as the recipient of the Lifetime Achievement Award for her more than 30 years of distinguished service with the Federal Reserve Board. Most recently, Roseman served as Director of the Division of Reserve Bank Operations and Payment Systems since 1999.
“Numerous innovative and transformative uses of ACH were introduced over that period with the support and leadership she provided at the Federal Reserve,” said Estep. “Her deep understanding of payments and thoughtful stewardship of Regulation E — in concert with private-sector rulemaking — served the industry and the payments system well, and is important for the continued growth of the ACH Network. Her leadership and vision guided the Federal Reserve in helping payment systems evolve and grow, while maintaining ubiquity, efficiency and integrity, which are a cornerstone of the ACH Network.”
About PAYMENTS 2016
PAYMENTS 2016, which is taking place April 17-20 at the Phoenix Convention Center in Arizona, is a proven, well-respected, and powerful event that provides attendees with the latest research, industry pilot results, insights, trends and forecasts to support and drive payments innovation. Information is delivered through interactive educational sessions and workshops with renowned speakers from financial institutions, corporations, government agencies, legal and regulatory bodies, consulting and research firms, service providers and more. Content is organized along six newly identified tracks— ACH: Now & Next; Surety: Rules, Regs & Risk; Impact: Trends & Technology; Strategy: Plan & Position; Experiences: Corporate & Consumer; and Buzz: Disrupt & Debate – to address the topics of today that are impacting the payments space. In addition, a dynamic Exhibit Hall of industry leaders features top products and services shaping the future of payments. Registration is now open. To learn more about PAYMENTS 2016, visit