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.

Featured News

Jane E. Larimer to be Next CEO of Nacha

Announcement Coincides with Refreshed Nacha Brand Uniting its Programs and Initiatives through New Visual Identity

ORLANDO, Fla., May 6, 2019 – The Nacha Board of Directors has selected Jane E. Larimer as the next President and CEO of Nacha effective July 1, 2019. The Board thanks Janet O. Estep, Nacha’s current President and CEO for her successful 11 years of leadership of Nacha and within the payments industry, and welcomes her assistance in the transition before she retires at the end of 2019.

Nacha Introduces the Nacha Corporate Experience

The Nacha Corporate Experience Combines Standards and Technology to Deliver a More Efficient Payments Experience for Today’s Businesses 

ORLANDO, Fla., May 6, 2019 – Today, Nacha introduces the Nacha Corporate Experience, a new way of demonstrating how businesses can more effectively exchange payments and information.

Nacha Reports Strong ACH Volume Growth of Nearly 7 Percent in Q3 2018

Same Day ACH Volume Grew 192 Percent Over Same Period Last Year

 

Image removed.

HERNDON, Va., Nov. 1, 2018 – The number of ACH payments totaled more than 5.6 billion in the third quarter of 2018, a 6.7 percent increase over Q3 2017, according to Nacha. The ACH Network’s strong performance is driven in large part by online and business-to-business (B2B) payments.

 

More than 3.3 billion ACH debit and nearly 2.3 billion ACH credit payments were made in the third quarter of 2018. During this same period, B2B payments increased nearly 10 percent with over 896 million payments completed.  Healthcare EFT payments, a healthcare industry standard for claim payments from insurers to providers, also increased by 10 percent to 77 million payments. In addition to B2B growth, online ACH payments increased by 14 percent and totaled 1.5 billion. 

 

“The ACH Network is thriving,” said Jane Larimer, chief operating officer of Nacha. “Governments, financial institutions, businesses and consumers are all reaping the benefits the ACH Network provides.”

 

As the ACH Network’s growth accelerates, Nacha, its members, and the ACH Network operators continue to enhance the Network’s capabilities to meet the needs of businesses and consumers. Over the next two years, Same Day ACH will be expanded, with faster funds availability, a higher dollar limit, and later processing hours.

 

There were 43.2 million Same Day ACH payments made in the third quarter of 2018, an increase of 192 percent compared to the same time period in 2017, when Same Day ACH debits were just being introduced. Same Day ACH credits have been available since September, and increased by 90 percent in the third quarter of 2018.

 

“More people than ever are benefiting from Same Day ACH,” Larimer said. “With the enhancements to Same Day ACH, the ACH Network is delivering the capabilities requested by corporate end-users.”