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

Nacha’s Payments Innovation Alliance and the U.S. Faster Payments Council Launch the Faster Payments Playbook

The inaugural version of the online educational and decisioning platform is designed to help banks and credit unions develop a faster payments strategy

MIAMI, Nov. 5, 2019 – Today, Nacha and its Payments Innovation Alliance, jointly with the U.S. Faster Payments Council (FPC), launched the Faster Payments Playbook, an online educational and decisioning platform that will help banks and credit unions develop a faster payments strategy from concept to reality. 

ACH Network Volume Jumps 9.5% in Third Quarter

Same Day ACH Volume Surpasses 1 Million Payments Daily

HERNDON, Va., Oct. 15, 2019 – ACH Network payment volume and Same Day ACH payment volume both soared in the third quarter of 2019.  

The 6.2 billion ACH payments in the third quarter is an increase of 9.5% from a year earlier. There were 3.6 billion debit transactions and 2.6 billion credits. Those payments were valued at $14.1 trillion, which is nearly 11% more than the third quarter of 2018. 

RESTful Implementation of IFX Demonstration Design Review Based on IFX Specification Version 2.4 July 2018

The report, RESTful Implementation of IFX Demonstration Design Review, concluded that:

The IFX Standard and the IFX Message Framework are readily adaptable to REST design concepts.

This paper describes many of the design decisions we have made and illustrates how to map the IFX Standard messages (methods) to RESTful concepts and HTTP verbs. IFX Objects can be implemented directly as JSON resources, but more work needs to be done for the purposes of APIs to define resources that are not as deeply nested as many of the structures currently defined in the specification.

Read the Report