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’s Payments Innovation Alliance and the U.S. Faster Payments Council Launch the Faster Payments Playbook

The inaugural version of the online educational and decisioning platform is designed to help banks and credit unions develop a faster payments strategy

MIAMI, Nov. 5, 2019 – Today, Nacha and its Payments Innovation Alliance, jointly with the U.S. Faster Payments Council (FPC), launched the Faster Payments Playbook, an online educational and decisioning platform that will help banks and credit unions develop a faster payments strategy from concept to reality. 

ACH Network Volume Jumps 9.5% in Third Quarter

Same Day ACH Volume Surpasses 1 Million Payments Daily

HERNDON, Va., Oct. 15, 2019 – ACH Network payment volume and Same Day ACH payment volume both soared in the third quarter of 2019.  

The 6.2 billion ACH payments in the third quarter is an increase of 9.5% from a year earlier. There were 3.6 billion debit transactions and 2.6 billion credits. Those payments were valued at $14.1 trillion, which is nearly 11% more than the third quarter of 2018. 

Nacha Issues Update on Same Day ACH Implementation

HERNDON, Va., Oct. 17, 2016 – Nacha —The Electronic Payments Association®, the trustee and rule maker of the ACH Network, issued the following statement today:

Implementation of Same Day ACH, the ubiquitous industry initiative to move payments faster, became effective Sept. 23, 2016, and has gone smoothly, with robust same-day transaction volume during the first week of operation. Unofficially, information received from the ACH Operators and other industry participants show that same-day transactions were used for payroll, pension, business-to-business payments, as well as online bill payments and person-to-person payments, which is consistent with expectations based on the use case research conducted while developing the Same Day ACH initiative. 

The smooth operation and volume flow for Same Day ACH are a testament to the hard work and preparedness of the industry, and support for this transformative initiative that is meeting the faster payments needs for users of the ACH Network. 

Around the middle of November, when official monthly data is made available from the ACH Operators, Nacha will plan to report on the first full month of Same Day ACH transaction volume (for the month of October) and ways that Same Day ACH was used.

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