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.

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Nacha Hosts Capitol Hill Day

On June 6, 2019 Nacha hosted its annual Capitol Hill Day in Washington D.C., facilitating a day-long series of meetings between members of Nacha’s Government Relations Advisory Group (GRAG) and elected officials, congressional staff members from the Senate Banking Committee and House Financial Services Committee. Nacha Members continued their outreach and education efforts regarding the ACH Network with particular emphasis on the value of private sector rulemaking, ACH Network consumer protections and NACHA’s role in governing the Network. Other discussion topics included an update on Same Day ACH, industry efforts to move payments faster/easier for end users, cannabis banking and RegTech. GRAG members also reminded staffers of the resources that Nacha and our Membership can provide for payments-related training and education. Collectively, the groups participated in a total of twenty meetings in addition to a breakfast meeting at The Capitol Hill Club.