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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August 6, 2020
Nacha is moving Smarter Faster Payments 2021 from April 25-28 to Aug. 9-12, 2021 (shifting from a Sunday-Wednesday to a Monday-Thursday format). The conference will still be located at the Moscone Center in San Francisco, CA and include the same unparalleled payments education, dynamic exhibit hall and valued networking opportunities. The shift in dates to occur later in the year is aimed to better position us to be able to have a robust in-person event.
August 5, 2020
In the best of times, things can get hectic in a hurry. And the last few months haven’t exactly been the best of times. Which makes it that much more important to simplify your financial life. 
August 4, 2020
On July 28, 2020 the Office of the Inspector General for the U.S. Small Business Administration issued a memo reporting findings of "widespread potential fraud" in the agency’s flagship Economic Injury Disaster Loan (EDIL) program (separate from the Paycheck Protection Program) for coronavirus relief.
August 4, 2020
The Consumer Financial Protection Bureau (CFPB) has announced that the agency plans to ask for input later this year via an advance notice of proposed rulemaking (ANPR) regarding implementation of Section 1033 of the Dodd-Frank Act, which governs consumers’ access to their financial data.
August 4, 2020
In just a few days, Alliance members will gather virtually to discuss how payments of all varieties (electronic, contactless, Same Day, real-time and more) have fared during the COVID-19 pandemic. The day will include six action-packed sessions that will dissect what the “new normal” means for the payments industry, businesses and consumers, including: 
August 3, 2020
That didn’t take long at all.  The ACH Contact Registry opened for business on July 1, and within a matter of days there were success stories to tell. Like when Eric Wester at UMACHA got a call from a member needing help with a missing payroll credit. Wester suggested getting in touch with the RDFI to track down the status of the payment.
July 23, 2020
On July 20, 2020 the Federal Deposit Insurance Corporation (FDIC) announced the agency has issued a new Request for Information (RFI) as part of its FDiTech initiative.
July 15, 2020
On July 7, 2020, the Consumer Financial Protection Bureau (CFPB) announced it has issued a final rule regarding “Payday, Vehicle Title, and Certain High-Cost Installment Loans”, eliminating the requirement for loan underwriting and income verification, citing “insufficient legal and evidentiary bases for the 2017 rule’s mandatory underwriting provisions”.
July 15, 2020
If you are like the rest of us, both your home and professional lives may have experienced some jolts due to the ongoing pandemic. And the payments industry has not been immune either. As business conditions continue to change, now is the perfect time for Alliance members to meet virtually to discuss the shifting landscape and new opportunities that lie ahead. Sessions include:
July 15, 2020
HERNDON, Va., July 15, 2020 - The reliability and value of the ACH Network to the nation was clear in the second quarter of 2020. ACH payment volume growth of 7.9%, compared to the same period a year ago, reflects the use of the ACH Network to deliver economic assistance to individuals and businesses, as well as an acceleration in the shift from paying by paper check to paying electronically.
July 14, 2020
The coronavirus pandemic has been a learning experience in many ways, including how we conduct business and make payments. One thing many people have discovered is that paying with paper is a big pain point—especially under the constraints of social distancing—whereas paying electronically, including by ACH, is really very easy.
July 13, 2020
HERNDON, Va., July 13, 2020 – Nacha’s Afinis Interoperability Standards membership organization, which focuses on the rapid delivery of APIs and other financial services standards across the U.S. and globally, announced today it has added 17 new member organizations. Afinis brings diverse collaborators together to build and test solutions, develop implementable and portable standards, and provide thought leadership on the shared goals of advancing efficiency, surety and security, and interoperability for financial services.