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.

146 results

George Thomas Receives 2007 Kevin O’Brien ACH Quality Award

April 18, 2007
George Thomas, AAP, is the recipient of Nacha’s 2007 Kevin O’Brien ACH Quality Award. During his 25 years of service to the financial services industry, Mr. Thomas was known as a hardworking visionary, dedicated to quality, excellence, and risk management in the ACH Network and other payment systems. “George was one of the earliest supporters of ACH transaction funding for risk management, quality improvement and other network administrative programs,” said Elliott C. McEntee, President and CEO of Nacha.
Press Release

Paul W. Finch, Sr. Receives Nacha’s 2007 George Mitchell Payments System Excellence Award

April 15, 2007
April 15-18, 2007 - Chicago, Ill - Nacha - The Electronic Payments Association presents the 2007 George Mitchell Payments System Excellence Award to Paul W. Finch, Sr., in recognition of his career contributions to the advancement of the electronic payments industry, the ACH Network, and Nacha. “With the recent effective date of Nacha’s new back office conversion rules, it is fitting that we honor Paul Finch, Sr., who did so much to lay the groundwork for this application,” said Elliott C.
Press Release

Nacha Honors Federal Reserve Vice Chairman Roger Ferguson for Service to U.S. Payments System

April 28, 2006
The Electronic Payments Association will present its 2006 George Mitchell Payments System Excellence Award to Roger W. Ferguson, Jr., Vice Chairman of the Federal Reserve Board, who is completing his service to the Federal Reserve and the U.S. payments system on April 28, 2006. The award is named after one of Ferguson’s predecessors as Vice Chairman — George W.
Press Release

Parish National Bank Receives Nacha's 2006 ACH Quality Award for Hurricane Katrina Response

April 24, 2006
HERNDON, Va., April 24 -- Nacha-The Electronic Payments Association will award its 2006 Kevin O'Brien ACH Quality Award to Parish National Bank of Covington, Louisiana, in recognition of its disaster and business continuity planning and its remarkable efforts to provide its customers with automated clearing house (ACH) payment services in the aftermath of Hurricane Katrina.
Press Release

Citigroup Receives Nacha's 2005 George Mitchell Payments System Excellence Award

April 12, 2005
SAN ANTONIO, Texas - Citigroup was recognized for their respective accomplishments in electronic-payment system implementation during Nacha -The Electronic Payments Association's PAYMENTS 2005 conference. In 2004, Citigroup originated 425 million ACH payments, including on-us items, doubling its volume of 2003, and in the process jumping from the eighth to the fifth largest bank originator of ACH payments, according to the Nacha Top 50 list.Seventy-eight percent of Citigroup's ACH growth is attributable to a decision by its Citi Cards business unit to use ARC to convert checks it receives fro
Press Release

VA Honored With Kevin O'Brien Quality Award for HIPAA-Compliant Electronic Payments

April 2, 2004
Nacha - The Electronic Payments Association has selected the chief business office of the U.S. Department of Veterans Affairs' Veterans Health Administration as the recipient of the 2004 Kevin O'Brien ACH Quality Award. The award presentation will take place at Nacha's PAYMENTS 2004 conference in Seattle, Washington on March 22. The VA is being recognized for its success in implementing a nationwide electronic health care remittance and payment processing system that complies with the electronic transaction standards of HIPAA.
Press Release

Wells Fargo Home Mortgage Receives Nacha's 2004 Payments System Award

February 2, 2004
HERNDON, Va., Feb. 2 -- In a remarkable example of the country's movement to electronic payments, Wells Fargo Home Mortgage will process nearly 88 percent of its customers' payments electronically in the first quarter of 2004, compared with 81 percent by paper in the first quarter of 2000. In recognition of its accomplishment, Wells Fargo Home Mortgage will receive Nacha's 2004 George Mitchell Payments System Excellence Award.
Press Release

Nacha Selects JPMorgan, Wells Fargo and TeleCheck For 2003 Kevin O'Brien ACH Quality Award; Awards Demonstrate Quality Processing of E-Checks

April 28, 2003
ORLANDO, Fla. -- Nacha - The Electronic Payments Association has selected JPMorgan Chase ACH, Wells Fargo, and TeleCheck as winners of the 2003 Kevin O'Brien ACH Quality Award in recognition of their successes in implementing quality Automated Clearing House (ACH) processes.  "This year's award winners are demonstrating that e-check payments can be handled with the same level of quality that ACH users have come to expect," said Mary Ann Francis, Chair of Nacha's ACH Quality Task Force and a Senior Vice President at National City Corporation.
Press Release

Cisco Systems Achieves 96 Percent Direct Deposit Participation, Receives Nacha's 2003 Payments System Award

April 28, 2003
ORLANDO, Fla., April 28 -- Nacha - The Electronic Payments Association presented the 2003 George Mitchell Payments System Excellence Award today at its PAYMENTS 2003 conference to Cisco Systems, Inc. of San Jose, California. Cisco Systems was recognized for its achievement of paying 96 percent of its employees by Direct Deposit. "Direct Deposit is the safest, most reliable, and most convenient way to get paid," said Elliott C. McEntee, President and Chief Executive Officer of Nacha.
Press Release

Nacha Selects Capital One, Tower Federal Credit Union and Wells Fargo For 2002 Kevin O'Brien ACH Quality Award

April 22, 2002
Nacha – The Electronic Payments Association has selected Capital One Financial Corporation, Tower Federal Credit Union, and Wells Fargo & Company as winners of the 2002 ACH Quality Award in recognition of their successes in implementing quality Automated Clearing House processes. “The ACH is a high-quality payments system, and the ACH Quality Award showcases best practices and forward-looking business practices among ACH participants,” said Mary Ann Francis, Chair of Nacha’s ACH Quality Task Force and a Senior Vice President at National City Corporation.
Press Release

Nacha Presents Payments System Awards to ADT Security Services and TexasOnline

April 15, 2002
DALLAS, April 15  -- Nacha - The Electronic Payments Association will present the 2002 George Mitchell Payments System Excellence Award today at its PAYMENTS 2002 conference to ADT Security Services, Inc. and TexasOnline. "Electronic payments are reliable, convenient, and cost-effective," said Elliott C. McEntee, President and Chief Executive Officer of Nacha.
Press Release