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.

31 results

August Same Day ACH Numbers Heat Up

September 26, 2019
Same Day ACH had an impressive August, showing large gains over a year earlier. And the number of Same Day PPD payments more than doubled.
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Getting Your Money Via ACH: Faster is Better

September 20, 2019
As a general rule, faster is better. After all, who doesn’t like less traffic, or a plane that lands early? By the same token, who wouldn’t want to get their money quicker? That’s why there’s a lot to like about the new rule making ACH credits available in bank accounts sooner.  
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Pay on Payday: Direct Deposit is Money in the Bank

August 25, 2019
How many times have you heard some version of “never take anything for granted”? Sometimes in this modern, digital age we forget about all the conveniences afforded us by advancements in technology, and we ignore that things haven’t always been done the way they are now. With real-time payments systems being built, real-time has been the topic du jour lately as it relates to paychecks.
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Nacha’s API Standardization: A Necessary Undertaking

July 23, 2019
Nacha is leading the industry effort on API standardization. To accomplish this objective, Nacha supports Afinis Interoperability Standards, a membership-based governance organization that brings together diverse collaborators to develop implementable, interoperable, and portable financial services standards.
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Why it Pays for Nonprofits to Encourage ACH/EFT Donations

July 18, 2019
It’s a nonprofit no-brainer: Encourage recurring donations through ACH/EFT.  “Those organizations that have been doing this, that started with EFT early on, they get it,” said Erica Waasdorp, founder and president of the fundraising consulting firm A Direct Solution, and author of “Monthly Giving. The Sleeping Giant.” She works with organizations of all sizes, but focuses on small donors—generally $250 or less—with an emphasis on monthly giving.  At a recent fundraising conference, Waasdorp’s co-presenter told her that 18% of her organization’s sustainers give by direct debit.
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Extended Hours for Same Day ACH: The Time Has Come

July 5, 2019
Triple digit growth in a single year shows you’re on to something. Such is the case with Same Day ACH. Since its 2016 debut, businesses small and large, financial institutions from Main Street to Wall Street, and consumers have embraced the benefits of Same Day ACH. Volume jumped 137% from 2017 to 2018, with nearly 178 million transactions last year.  But it’s still a work in progress. In fact, we have an enhancement coming in September, making funds available sooner in the day for many ACH credits.
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Meet the Winner of the Nacha PRADO Scholarship

June 25, 2019
With an eclectic format featuring jazz, smooth jazz, blues and easy rhythm and blues, WSIE-FM holds a special place in the hearts of its listeners. Better known around Metro St. Louis as “88.7 The Sound,” it faces all of the usual challenges of public radio—and more. “Our radio station recently lost all of its government funding” from the state of Illinois, said Stephanie Lewis, WSIE’s account executive. “We are in the process of becoming self-sustaining.” That doesn’t leave money for things like attending an industry conference.
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