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.

Featured News

Jane E. Larimer to be Next CEO of Nacha

Announcement Coincides with Refreshed Nacha Brand Uniting its Programs and Initiatives through New Visual Identity

ORLANDO, Fla., May 6, 2019 – The Nacha Board of Directors has selected Jane E. Larimer as the next President and CEO of Nacha effective July 1, 2019. The Board thanks Janet O. Estep, Nacha’s current President and CEO for her successful 11 years of leadership of Nacha and within the payments industry, and welcomes her assistance in the transition before she retires at the end of 2019.

Nacha Introduces the Nacha Corporate Experience

The Nacha Corporate Experience Combines Standards and Technology to Deliver a More Efficient Payments Experience for Today’s Businesses 

ORLANDO, Fla., May 6, 2019 – Today, Nacha introduces the Nacha Corporate Experience, a new way of demonstrating how businesses can more effectively exchange payments and information.

Nacha Develops Booklet on How to Spot and Prevent Fraud Schemes

Fraud Schemes

Business Email Compromise, Vendor Impersonation Fraud, Payroll Impersonation Fraud

The FBI recently reported that between December 2016 and May 2018, there has been a 136 percent increase in identified global exposed losses, totaling over $12 billion. To help organizations identify the various schemes and avoid being a victim, Nacha recently developed a booklet, Protecting Against Fraud: How To Spot and Prevent Fraud Schemes, which can be found in the Current Fraud Threats Resource Center.

Schemes like business email compromise, vendor impersonation fraud, and payroll impersonation may target businesses, nonprofits, government and other public-sector organizations. Fraudsters will impact small, medium and large businesses as well as personal transactions.

The techniques used by fraudsters may include online ploys such as spear-phishing, social engineering, identity theft, e-mail spoofing, and the use of malware. Off-line schemes also may be used to convince authorized personnel to request or submit payments to fraudster’s accounts. While these threats are not about a direct compromise of the ACH Network or other payment systems, they exploit vulnerabilities or gaps in processes or procedures.

Organization's are encouraged to share this booklet both internally and externally with members and customers.