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.

Nacha Statement on U.S. Treasury’s Participation in Same Day ACH

HERNDON, Va., Sept. 12, 2017 – Nacha—The Electronic Payments Association®, the trustee and rulemaker of the ACH Network, issued the following statement today:
 
Nacha commends the U.S. Treasury – the largest user of the ACH Network – for its decision to participate in Same Day ACH. There are significant Same Day ACH use cases for the U.S. Treasury, such as disaster assistance payments and receipt of tax collections and remittances. As the payments industry in the U.S. moves toward ubiquitous faster payments options, it is appropriate and welcome for the U.S. government to take part, using the same payment network and the same set of operating rules as the private sector.

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