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.

Nearly 4 Million Same Day ACH Payments Transacted Totaling Nearly $5 Billion in October 2016

Strong Transaction Volume Consistent with Expectations

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HERNDON, Va., Nov. 15, 2016 – Nacha —The Electronic Payments Association®, the steward and rule maker of the ACH Network, today released Same Day ACH transaction volume data for October, the first calendar month following Phase 1 implementation on Sept. 23, 2016.
 
Same Day ACH, an industry initiative to move payments faster, was responsible for 3.8 million transactions in October, totaling $4.98 billion with an average transaction amount of $1,303. This data shows strong use of Same Day ACH and is consistent with Nacha’s expectations based on anticipated use cases and industry dialogue. It also demonstrates how Same Day ACH serves as a new ubiquitous U.S. faster payment option that supports marketplace demands.
 
“From financial institutions to businesses to consumers, the robust use of Same Day ACH in October confirms the value this faster payment offering can bring to all ACH Network users,” said Janet O. Estep, president and CEO of Nacha. “Initial volume is also a testament to the work financial institutions, businesses, processors, and other network stakeholders did in preparing for this transformative initiative.”
 
Additional data and usage information from October, which is also available in our Same Day ACH volume infographic, includes:
 

  • The greatest number of Same Day ACH payments were Direct Deposit via ACH transactions, including uses such as emergency payroll and pension payments. These transactions made up 49 percent of Same Day ACH volume, and amounted to 1.9 million transactions totaling $1.6 billion. 
  • Business-to-business payments also saw significant Same Day ACH use, with these transactions making up 36 percent of Same Day ACH volume. In total, there were 1.4 million Same Day ACH business-to-business payments that totaled $2.8 billion. 
  • Additionally, there were 506,000 same-day person-to-person payments and 61,000 consumer bill payments. 

Nacha encourages financial institutions, processors and businesses to be prepared to both receive and originate Same Day ACH debits, which becomes effective Sept. 15, 2017, by accessing Same Day ACH educational resources at www.nacha.org/same-day-ach and performing adequate testing with stakeholders.

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