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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182 results

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

Recipients of 2019 Nacha Payments Awards Named at Smarter. Faster. PAYMENTS 2019

May 8, 2019
Nacha announced the recipients of its 2019 Payments Awards, which celebrate proven accomplishment and leadership in the payments industry and recognize and reward the payments innovations defining the future. The Payments Awards include the Nacha Excellence in Payments Award and the ACH Network Challenge 2019. The award winners were recognized during the 2019 Nacha Payments Awards Luncheon, sponsored by TD Bank, during Smarter. Faster. PAYMENTS 2019.
Press Release

OrthoBanc Becomes a Nacha Certified Third-Party Sender

May 7, 2019
OrthoBanc, LLC, a leader in electronic payments for orthodontists and dentists, has become Nacha Certified, joining an elite group of ACH Third-Party Senders. By achieving Nacha Certified status, OrthoBanc has shown it is meeting the rigorous certification standards of this voluntary program established by Nacha, the steward of the ACH Network. “A vibrant ACH Network depends on quality Third-Party Senders adhering to sound practices,” said Nacha Chief Operating Officer Jane Larimer.
Press Release

Nacha Introduces the Nacha Corporate Experience

May 6, 2019
The Nacha Corporate Experience Combines Standards and Technology to Deliver a More Efficient Payments Experience for Today’s Businesses  ORLANDO, Fla., May 6, 2019 – Today, Nacha introduces the Nacha Corporate Experience, a new way of demonstrating how businesses can more effectively exchange payments and information.
Press Release

ACH Network Continues its Strong Growth in 2019

May 6, 2019
The ACH Network started 2019 with strong growth, as the number of payments in the first quarter increased 5.8% from a year earlier, and the daily average volume of payments increased 7.5%. The ACH Network set a record in February 2019 as volume exceeded 100 million ACH payments per day for the first time. ACH volume in the first quarter was 6 billion payments: 3.5 billion debits and 2.5 billion credits. Internet-initiated payments rose 10.3% to 1.6 billion.
Press Release

ACH Network Moves 23 Billion Payments and $51 Trillion in 2018

February 19, 2019
HERNDON, Va., February 19, 2019 – 2018 was a milestone year for the ACH Network. Payment volume climbed by almost 1.5 billion payments, the fourth straight year the ACH Network has added more than 1 billion new payments.  ACH Network volume reached nearly 23 billion payments in 2018, a year-over-year increase of 6.9 percent and the highest growth rate since 2008. That’s nearly 70 payments for every person in the U.S. The value of ACH payments in 2018 was $51.2 trillion, a 9.5 percent increase over 2017.
Press Release