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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The American Economy Runs on ACH, Says Mercator Advisory Group White Paper

HERNDON, Va., May 28, 2020 – The ACH Network is woven into the daily payment activity of American consumers, businesses and government, says a Mercator Advisory Group white paper published today titled, “The Expanding Role of ACH in the Era of Faster Payments.” The paper also highlights how – as payments become faster – ACH supports the future of the industry with Same Day ACH, while providing the money-movement infrastructure for many other payment products.

Nacha Reports ACH Network Growth of 7.1% in First Quarter 2020; Expects Slowdown Due to COVID-19

HERNDON, Va., April 9, 2020 – The ACH Network opened 2020 with a strong first quarter, as the number of payments rose 7.1% from a year earlier. The results were driven primarily through robust growth occurring prior to the slowdown of economic activity due to COVID-19.

“While ACH results for the entire first quarter are positive, the current coronavirus national emergency is already impacting payment system volumes, including the ACH,” said Jane Larimer, Nacha President and CEO. 

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Nacha Announces Dwolla as a Preferred Partner for ACH Technology

October 25, 2019
Dwolla is now a Nacha Preferred Partner for ACH Technology. In becoming a Nacha Preferred Partner, Dwolla joins a select group of innovators contributing to Nacha’s strategic efforts in support of the ACH payments ecosystem by removing friction, increasing ease, improving cash flow accessibility and efficiency, as well as supporting sound risk management and security for ACH payments.  “The ACH Network is thriving and our Preferred Partners play a key role in building the modern network,” said Jane Larimer, Nacha President and CEO.
Press Release

ACH Network Volume Jumps 9.5% in Third Quarter

October 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. 
Press Release

Nacha Adds Synovus as a Direct Financial Institution Member

September 30, 2019
Nacha today announced the addition of Synovus as a Direct Financial Institution Member. Nacha’s Direct Members now consist of 32 financial institutions and 11 Payments Associations (PAs) that jointly represent approximately 11,000 financial institutions across the U.S. “On behalf of Nacha and its Board of Directors, I welcome Synovus to the Nacha family as a Direct Member,” said Jane Larimer, president and CEO of Nacha.
Press Release

Nacha Statement on Unauthorized ACH Reversals

September 13, 2019
Sept. 13, 2019 Nacha Statement The ACH Network has strong consumer protection measures in place to protect them. There are rules in place to prevent unauthorized withdrawals, including unauthorized reversals of payroll deposits. This is an unprecedented and isolated incident, and obviously, these rules were circumvented in this case. We understand that this has been a hardship for many. Nacha contacted the responsible financial institution immediately upon learning of this incident to expedite the process of re-crediting these consumers’ accounts.
Press Release

Nacha Announces Plaid as a Preferred Partner for Account Validation

August 29, 2019
Plaid is now a Nacha Preferred Partner for Account Validation, joining a select group of innovators contributing to Nacha’s strategic efforts in support of the payments ecosystem by removing friction, increasing ease, improving cash flow accessibility and efficiency, as well as supporting sound risk management and security for ACH payments.
Press Release

Nacha Announces Envestnet | Yodlee as a Preferred Partner for Account Validation

August 23, 2019
Envestnet | Yodlee is a new Nacha Preferred Partner for Account Validation, joining a select group of innovators contributing to Nacha’s strategic efforts in support of the payments ecosystem by removing friction, increasing ease, improving cash flow accessibility and efficiency, as well as supporting sound risk management and security for ACH payments. 
Press Release

ACH Network Sees Highest Quarterly Growth in 11 Years

July 11, 2019
The ACH Network saw its highest quarterly growth rate in more than a decade during the second quarter of 2019, as volume climbed 7.7% over the same period in 2018. Same Day ACH volume rose 46%.
Press Release

Nacha Announces GIACT® as a Preferred Partner for Account Validation

June 24, 2019
GIACT® is a new Nacha Preferred Partner for Account Validation. Nacha Preferred Partners are a select group of innovators that contribute to Nacha’s strategic efforts in support of the payments ecosystem by removing friction, increasing ease, improving cash flow accessibility and efficiency, as well as supporting sound risk management and security for ACH payments.
Press Release

Nacha Statement Regarding Federal Reserve Proposal to Support Same Day ACH Enhancements

May 14, 2019
Nacha applauds the Federal Reserve Board of Governors for issuing its proposal to extend its settlement services to support Same Day ACH enhancements with later settlement hours. The industry has spoken loudly in support of the expansion of Same Day ACH, and the public benefits it will provide for all businesses and consumers that use the ACH Network. Risks due to the extension of settlement hours can be mitigated with changes that Nacha believes the industry can gradually adopt over the next year and 10 months.
Press Release