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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 the Financial Institutions Recognized as AAP Benchmarking Peer Group Leaders

HERNDON, Va., April 21, 2015 – Nacha—The Electronic Payments Association® today announced the financial institutions recognized as peer group leaders as part of the Accredited ACH Professional (AAP) benchmarking framework for 2014.

Nacha developed the framework, in conjunction with its Regional Payments Associations, to establish benchmarks to enable financial institutions of all sizes and types to compare the number of AAPs on staff with peer institutions in groups defined by asset size and volume of originated and received ACH transactions.

The purpose of the framework is to help inform individual financial institution decision making regarding the accreditation of staff as a measurement for examiners, peers and clients of their commitment to Nacha Operating Rules and regulatory compliance, sound risk management, and ACH quality. Nearly 4,200 professionals currently hold the credential.

“The AAP Benchmarking Peer Group Leader Recognition is an effort to acknowledge those financial institutions that hold the AAP distinction in the highest regard,” said Janet O. Estep, president and CEO of Nacha.

“AAPs truly are payments industry leaders and individuals with an expertise that sets them apart from their peers. Organizations recognize that having AAPs on staff helps strengthen their business and the entire ACH Network. And, employers are investing in their own employees by helping them gain AAP certification,” Estep said.

Benchmarks for the peer group leaders were developed using data from Nacha’s Top 50 Originating Depository Financial Institutions (ODFIs) and Receiving Depository Financial Institutions (RDFIs) lists. Nacha will collaborate with the Regional Payments Associations to develop regional market benchmarks to provide for a national perspective. Nacha will subsequently work with its Membership to define and quantify other significant data points and quality metrics to provide for a more robust benchmarking tool for financial institutions.

2014 AAP Benchmarking Peer Group Leaders

  • Top 50 ODFI and RDFI peer group leaders by asset size:
  • Wells Fargo & Company ($1 trillion and greater)
  • TD Bank ($100 billion to $500 billion)
  • Commerce Bancshares Inc. ($10 billion to $100 billion)

Top 50 ODFI peer group leaders by ACH origination volume:

  • Wells Fargo & Company (1 billion transactions and greater)
  • U.S. Bancorp (500 million to 1 billion transactions)
  • Capital One Financial Corporation (100 million to 500 million transactions)
  • RBS Citizens (50 million to 100 million transactions)
  • TD Bank (25 million to 50 million transactions)

Bank of Hawaii (1 million to 25 million transactions)

Top 50 RDFI peer group leaders by ACH received volume:

  • Wells Fargo & Company (1 billion transactions and greater)
  • U.S. Bancorp (500 million to 1 billion transactions)
  • TD Bank (100 million to 500 million transactions)
  • Commerce Bancshares Inc. (50 million to 100 million transactions)
  • Associated Banc–Corp (25 million to 50 million transactions)

Wells Fargo leads all peer groups with 183 AAPs on staff in 2014.

“Wells Fargo has the most AAP-credentialed team members of any financial institution, furthering the company’s leadership in payments,” said Laura Lee Orcutt, senior vice president in Treasury Management at Wells Fargo. “Our customers have come to expect our team members to be the most knowledgeable in the industry.”

To be awarded the AAP credential, individuals must pass a comprehensive exam that is administered by Nacha each fall.  The exam tests an individual’s knowledge of subjects including the Nacha Operating Rules, the ACH Network and other payments systems, technical and operational ACH requirements, risk management, and payments-related regulations.

Peer group leaders will be recognized during the Payments System Awards Luncheon, sponsored by TD Bank, America's Most Convenient Bank®, at PAYMENTS 2015.
PAYMENTS, the largest and most comprehensive education event for the payments industry, is being held now through April 22 at the New Orleans Morial Convention Center in New Orleans, Louisiana. To learn more, visit 
For more information about Nacha’s AAP Program, visit
About PAYMENTS 2015
PAYMENTS 2015, which is taking place April 19-22 at the New Orleans Morial Convention Center in New Orleans, La., features more than 130 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. Sessions are organized along seven tracks — the ACH Network, Card Payments, Digital/Mobile, End User Experience, Game Changers & Disruptors, Risk & Security and Strategy – to address the topics of pivotal importance to payments professionals. In addition, a dynamic exhibit hall of nearly 100 industry leaders features today’s top products and services. To learn more about PAYMENTS 2015 sessions, workshops, speakers, sponsors and exhibitors, or to register, visit
Regional Payments Associations
Located throughout the U.S., Puerto Rico, Virgin Islands, and Guam, Regional Payments Associations are in most cases not-for-profit trade associations whose main membership includes commercial banks, savings banks, credit unions, and savings and loans.  Through their membership in Nacha, Regional Payments Associations are specially recognized and licensed providers of ACH management, education, assistance, and services to all types of financial institutions. For more information about Regional Payments Associations, visit
Nacha—The Electronic Payments Association
Since 1974, Nacha—The Electronic Payments Association has served as trustee of the ACH Network, managing the development, administration and rules for the payment network that universally connects all 12,000 financial institutions in the U.S. The Network, which moves money and information directly from one bank account to another, supports more than 90 percent of the total value of all electronic payments in the U.S. Through its collaborative, self-governing model, education, and inclusive engagement of ACH Network participants, Nacha facilitates the expansion and diversification of electronic payments, supporting Direct Deposit and Direct Payment via ACH transactions, including ACH credit and debit payments, recurring and one-time payments; government, consumer and business transactions; international payments, and payments plus payment-related information. Through Nacha’s expertise and leadership, the ACH Network is now one of the largest, safest, and most reliable systems in the world, creating value and enabling innovation for all participants. Visit for more information.