Comprised of senior executives from a broad cross-section of corporate end users and technology providers ─ those who make and enable ACH payments ─ the Board Advisory Group provides non-financial institution entities a venue for direct dialogue with and input to the Nacha Board of Directors. Engagement is centered on topics significant to the ACH Network and to those who use or support and enable the use of ACH payments by others.
The Nacha Board provides strategic direction and guidance for the ACH Network and Nacha’s efforts to ensure that ACH capabilities continue to robustly support the payments and information needs of businesses and consumers. Dialogue between the Board Advisory Group and the Nacha Board is focused there, with a current emphasis on identifying and enabling ways to reduce friction and make ACH payments easier to send and receive. The learnings from these meetings help to inform Nacha decisioning and activities.
The Board Advisory Group meets in person with representatives of the Nacha Board in March and November, with interim conference calls held as needed to share information and obtain input on important topics. The next meeting of the Board Advisory Group will be held the afternoon of March 20, 2018 at the Nacha office in Herndon, VA. The fall meeting will be held the morning of November 14 in the Washington, DC metro area. Participants are requested to volunteer for a minimum of two-years to help foster continuity and knowledge sharing. Nacha reimburses Board Advisory Group participants for travel and lodging related to attending in-person meetings.
Nacha has continually engaged diverse non-financial institution organizations through membership programs, industry outreach, and various groups and channels within Nacha rulemaking on the development of the ACH Network and the Nacha Operating Rules. The Board Advisory Group is an integral part of this engagement.
What We Seek in 2018
Nacha strives to maintain a diverse mix of senior executives with corporate and consumer payments, information and technology perspectives on the Board Advisory Group. The Nacha Board welcomes senior executive from all end user and provider organizations to express interest, and has specific interest in volunteers from fintechs that are making ACH easier, and key industry verticals and areas of business over the next year as follows:
- Telecommunications / Cable
- Payroll Services
- Brokerage / Financial Management
- Oil / Gas
- Property Management / Real Estate
- Government / Higher Education
- Retailers (with large brick and mortar footprint)
Interested parties may express interest on their own or in collaboration with a Payments Innovation Alliance or Nacha Direct Member organization, or other industry entity.
New participants are on-boarded as needs and schedules allow. Individuals who are not selected initially may be contacted periodically as opportunities arise. Please review the following documents before expressing interest:
- Frequently Asked Questions (FAQs) that provide an overview of the purpose and mechanics of the group.
- Expression of Interest Form that each interested party must complete.
- Nacha Code of Conduct, referenced in both the FAQ and Expression of Interest Form, is a standard part of Nacha industry engagement.
Submit forms and direct questions to Scott Lang, AAP, Senior Vice President, Association Services via email or by phone (703) 561-3918.