March 03, 2020

Nacha Files Comment Letter Supporting ACH Payments

On Feb. 21, 2020, Nacha filed a comment letter to the Securities and Exchange Commission (SEC) in response to the notice and request for comment regarding Fee Payment Modernization. The SEC requested comment on their proposal to eliminate payment by checks and money orders and replace those payment methods with ACH and wire. The proposal specifically called out the efficiency, safety and certainty of ACH payments.