Nacha Government Relations Update - Aug. 23, 2018

Nacha Holds Quarterly Meeting with Federal Reserve Bank Operations and Payment Systems Staff
On Aug. 16, 2018, Nacha’s Jan Estep, Jane Larimer, Mike Herd and Bill Sullivan met with the Federal Reserve’s Bank Operations and Payment Systems Staff. The topics included recent RFC activity, Same Day ACH, APIs and Nacha’s role in the Business Payments Directory Association’s work.

Nacha Talks Payments with Bureau of Fiscal Services
On Aug. 20, 2018, Nacha’s Bill Sullivan, Mike Herd, Cari Conahan, Debbie Barr and Amy Morris briefed Treasury staff on recent RFC rulemaking activity including Same Day ACH, messaging and return codes. BFS staff outlined unofficial 2018 data on Federal Government use of Same Day ACH. Other topics included brief updates on the work coming out of ASIG and Nacha’s funding of the BPDA Proof of Concept with B2B Directory as well as an update from the Payments Innovation Alliance’s Faster Payments Work Group.

Legislative Calendars for 2018
House 2018 Calendar
Senate 2018 Calendar