Nacha has approved Paychex, Inc., a leading provider of HR, payroll, benefits, and insurance solutions, for a two-year renewal of its Nacha Certified status, good through May 2022.
Nacha Certified is a voluntary program that helps Third-Party Senders in the ACH Network to set themselves apart in today’s competitive market. Successful Nacha Certified candidates demonstrate effective ACH Rules compliance and risk management, and sound corporate governance.
Paychex was the first payroll provider to become Nacha Certified in 2018 when the program was implemented. The program requires a full review every two years.
“Nacha commends Paychex for its commitment to meeting Nacha standards for sound practices in ACH payment processing,” said Michael Herd, Nacha Senior Vice President, ACH Network Administration.
“Paying one out of every 12 American private sector employees, Paychex has a long history of expertly navigating the risk and compliance obligations associated with processing ACH transactions,” said Frank Fiorille, Vice President of Risk, Compliance, and Data Analytics at Paychex. “Being Nacha Certified is an important demonstration of our ongoing commitment to meeting the highest standards in the payments industry.”
Nacha Certified Third-Party Senders demonstrate to their financial institutions and customers that they meet Nacha standards. Learn more at nachacertified.org.
Nacha is a nonprofit organization that convenes hundreds of diverse organizations to enhance and enable ACH payments and financial data exchange within the U.S. and across geographies. Through the development of rules, standards, governance, education, advocacy, and in support of innovation, Nacha’s efforts benefit all stakeholders. Nacha is the steward of the ACH Network, a payment system that universally connects all U.S. bank accounts and facilitates the movement of money and information. In 2019, 24.7 billion payments and nearly $56 trillion in value moved across the ACH Network. Nacha also leads groups focused on API standardization and B2B payment enablement. Visit nacha.org for more information, and connect with us on LinkedIn, Twitter, Facebook and YouTube.
Paychex, Inc. (NASDAQ:PAYX) is a leading provider of integrated human capital management solutions for human resources, payroll, benefits, and insurance services. By combining its innovative software-as-a-service technology and mobility platform with dedicated, personal service, Paychex empowers small- and medium-sized business owners to focus on the growth and management of their business. Backed by more than 45 years of industry expertise, Paychex serves approximately 670,000 payroll clients as of May 31, 2019 across more than 100 locations in the U.S. and Europe, and pays one out of every 12 American private sector employees. Learn more about Paychex by visiting paychex.com and stay connected on Twitter and LinkedIn.