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.

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September 1, 2020
The Nacha Board Nominating Committee is pleased to announce that the Nacha Board of Directors has approved the initial slate of candidates, as presented by the Board Nominating Committee, for election to the seven Nacha director seats that are being filled through the 2020 Board election process. In accordance with the Nacha Bylaws, the initial slate of director candidates is issued to the membership for a 30-day review period.
August 31, 2020
Business Email Compromise is a major concern today, but it appears that the recent enhancement to Same Day ACH has not resulted in any increase in criminal activity, an informal Nacha survey found. The Same Day ACH per-payment dollar limit quadrupled to $100,000 on March 20, 2020. Ninety days after the change, Nacha surveyed its Direct Members to learn about their experiences. More than 80%—accounting for about 81.5% of all commercially originated ACH transactions—responded.
August 28, 2020
Discussing the effects of the COVID-19 pandemic on payments The Payments Innovation Alliance successfully held its first-ever Pop-Up Meeting in August. And in keeping with the interesting times we are now living in, it was – of course – all virtual. More than185 payments industry movers and shakers representing 110 member organizations – including financial institutions, solution providers, and financial regulators – met online to discuss changing business conditions, the shifting payments landscape, and the new opportunities that lie ahead due to the COVID-19 pandemic.
August 27, 2020
Every day seems to bring something different in the payments world. New products, new companies and new ways of doing business all create new challenges. While the complexity of each challenge varies, one thing is always true: it takes collaboration to face them head on.
August 26, 2020
In the U.S., pandemic-related lockdowns brought much of the economy to a standstill, and people largely shifted their activity online. In an effort to provide relief to families and businesses, the federal government infused trillions of dollars into various programs, including direct payments to individuals and loans to small businesses.
August 26, 2020
Phixius, Nacha’s payment information exchange platform, has been selected to present at Finovate on Monday, Sept. 14, at 2.25 p.m. ET. Finovate features demos and presentations on the latest innovations in financial technology.
August 25, 2020
Like ice cream and hot fudge, and Simon and Garfunkel, some pairings are legendary. Direct Deposit and payroll fit that description to a T, and the opportunity to honor that combination is coming up during National Payroll Week 2020, Sept. 7-11. Organized annually by the American Payroll Association since 1996, one of the goals of National Payroll Week is, as APA puts it, to educate people on “how to get the most out of their pay.” The APA and Nacha agree that Direct Deposit is one of the most important ways to do that and get faster access to money on payday.
August 25, 2020
For many colleges and universities, the fall 2020 semester is posing numerous challenges no one would have expected a year ago. But one challenge that never seems to change is the need to raise money. Alumni and families are often willing to help, but is your school making the most of its fundraising efforts?
August 19, 2020
On Aug. 13, 2020, The Federal Reserve issued a press release highlighting the research and experimentation the central bank system has been conducting to enhance its understanding of digital currencies and their use by central banks.
August 19, 2020
The Consumer Financial Protection Bureau (CFPB) recently issued answers for several Frequently Asked Questions regarding compliance with the Payday Lending Rule.
August 19, 2020
More than 97% of Recipients of Social Security and Veterans Benefits Rely on Direct Deposit
August 12, 2020
Nacha today announced that Visa joined a growing list of partners piloting Phixius – a payment-information exchange platform that helps credentialed service providers share and manage electronic payments information, making pre and post payments processing more efficient and secure than current processes.