Nacha Talks Payments with Bureau of Fiscal Services

On Aug. 20, 2018, Nacha’s Bill Sullivan, Mike Herd, Cari Conahan, Debbie Barr and Amy Morris briefed Treasury staff on recent RFC rulemaking activity including Same Day ACH, messaging and return codes. BFS staff outlined unofficial 2018 data on Federal Government use of Same Day ACH. Other topics included brief updates on the work coming out of ASIG and Nacha’s funding of the BPDA Proof of Concept with B2B Directory as well as an update from the Payments Innovation Alliance’s Faster Payments Work Group.