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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Survey Illustrates Invoicing Portal Process is Fragmented

Phixius to Help Industry Interoperability

The coronavirus pandemic is an epochal health care crisis, and presents so many other challenges as well, including how to maintain business continuity for sending and receiving payments.

Nacha Reports ACH Network Growth of 7.1% in First Quarter 2020; Expects Slowdown Due to COVID-19

HERNDON, Va., April 9, 2020 – The ACH Network opened 2020 with a strong first quarter, as the number of payments rose 7.1% from a year earlier. The results were driven primarily through robust growth occurring prior to the slowdown of economic activity due to COVID-19.

“While ACH results for the entire first quarter are positive, the current coronavirus national emergency is already impacting payment system volumes, including the ACH,” said Jane Larimer, Nacha President and CEO. 

Nacha Issues Operations Bulletin in Light of Coronavirus

COVID-19

On March 9, Nacha issued an Operations Bulletin reminding financial institutions of the importance of reviewing their business continuity plans to ensure that they are prepared to maintain ACH payment processing capabilities in the event of possible workforce disruptions due to the coronavirus pandemic. The complete Operations Bulletin #2-2020 here.

Further, financial institutions should be aware of the expectations of federal regulators (the FFIEC agencies), which on March 6 issued guidance to remind financial institutions that business continuity plans should address the threat of a pandemic outbreak and its potential impact on the delivery of critical financial services. The FFIEC’s Interagency Statement on Pandemic Planning is available here.