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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.

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Nacha Announces Finalists for its 2019 Payments Awards

Online voting for the winner of the Nacha Excellence in Payments Award now open; voting for the ACH Challenge Award will take place at PAYMENTS 2019 in Orlando

HERNDON, Va., April 15, 2019 – Nacha announces the finalists for its 2019 Payments Awards, which celebrate proven accomplishment and leadership in the payments industry and recognize and reward the payments innovations defining the future. The Nacha Payments Awards include the Nacha Excellence in Payments Award and the ACH Network Challenge 2019. 

“Nacha appreciates the participation from solution providers, financial institutions, and industry strategic thinkers, all of whom have found innovative ways to further advance electronic payments,” said Jane Larimer, chief operating officer of Nacha. “The Nacha Payments Awards are very competitive, and each Award draws an excellent turnout of candidates every year. It is our honor to recognize the best of the best.”

The payments community will have an opportunity to help determine the winners of the 2019 Nacha Payments Awards through online and mobile app voting. Winners of the Awards will be announced on Tuesday, May 7, during the 2019 Nacha Payments Awards Luncheon, which is sponsored by TD Bank, during PAYMENTS 2019. The conference will take place May 5-8 in Orlando, Florida. Online registration for PAYMENTS is available here

Nacha Excellence in Payments Award 
The Nacha Excellence in Payments Award honors an organization that has shown superior leadership and accomplishment in the development, implementation or advancement of domestic or international electronic payments. 

The finalists are: 
─ is a leading digital business payments company that helps automate, streamline, and control the payments process. The company helps financial institutions navigate their evolving relationships with small business customers by providing digital business payment tools. The company is currently focusing its offerings on international payments, emerging tech, and fraud prevention.

    Dwolla
─    Dwolla has developed a business-first platform model using an API that allows businesses to build payments into their own applications through the ACH Network. The company – which strives for improved processes, experiences and outcomes – offers subscription-based electronic payments, with a focus on bank transfers through the ACH Network. 

    Early Warning
─    Early Warning was a pioneer in payments and deposit validation solutions back in the 1990s. Today it is best known for creating Zelle®, a person-to-person payment system. The company continues to work with financial institutions to balance the need for new approaches to security to reduce the risk of fraud, without adding unnecessary friction to the customer experience. 

All industry participants will have an opportunity to help determine the winner for this award through online voting now through Saturday, May 4. Vote now. 

ACH Network Challenge 2019
The ACH Network Challenge 2019 is a team competition designed to foster new ways to enable usage for Same Day ACH capabilities within the payments ecosystem. This year’s ACH Network Challenge invites teams to submit original ideas on how one would use, or enable others to use, Same Day ACH to pay or be paid faster. Finalists are competing to win up to $25,000 in prize money. 

Finalist teams are: 
    Team Aliaswire 
─    In a two-pronged solution, Aliaswire operates a multi-tenant biller direct platform that allows billers (for rent, homeowners association dues, insurance, and other consumer finance payments) to configure Same Day ACH for bill payments done using a DDA account. Separately, merchants (especially small businesses) would have the ability to move funds between their card and DDA account using Same Day ACH. 

    Team ExCheQ 
─    ExCheQ has designed an application that allows a secure transaction between the payer's financial institution and the recipient’s financial institution with no third-party holding accounts or credit cards involved. Depending on the time of the transaction, the transaction can be near real time using Same Day ACH processing. Notification is instant with text and email, and settlement can be minutes later with Same Day.

    Team Today Payments 
─    Today Payments proposes targeting real estate-related transactions. While millions of homes and commercial property are sold each year in the U.S., almost no sales occur directly between a buyer and seller. Instead they involve the use of third-party brokers, escrow, lenders, and others. Currently personal checks, corporate checks, wires and cashier’s checks dominate the real estate Industry. However, Same Day ACH would eliminate the involvement of third parties in many of these payments. 

ACH Network Challenge finalists will present their proposals on Monday, May 6, at PAYMENTS 2019. All conference attendees are welcome to attend. Voting will take place on site via the Nacha PAYMENTS 2019 Mobile App, sponsored by Transactis

Visit to further explore what PAYMENTS has to offer this year in Orlando. The conference hashtag is #PAYMENTS2019

About Nacha
Nacha is a nonprofit organization that convenes hundreds of diverse organizations to enhance and enable electronic payments and financial data exchange within the U.S. and across geographies. Through development of rules, standards, governance, education, advocacy, and in support of innovation, Nacha’s efforts benefit the providers and users of those systems. Nacha leads groups focused on API standardization, authors the Quest Operating Rules for EBT and is the steward of the ACH Network, a payment system that universally connects all U.S. bank accounts and facilitates the movement of money and information. In 2018, 23 billion ACH payments valued at more than $51 trillion moved across the ACH Network.