September 15, 2017
Nacha Builds Upon Existing Same Day ACH Credit Payment Capabilities HERNDON, Va., Sept. 15, 2017 – Today, Nacha—The Electronic Payments Association®, the steward of the ACH Network, announced the launch of Same Day ACH for debit payments. Same Day ACH is a faster payments option that reaches all U.S.
September 11, 2017
HERNDON, Va., Sept. 12, 2017 – Nacha—The Electronic Payments Association®, the trustee and rulemaker of the ACH Network, issued the following statement today: Nacha commends the U.S. Treasury – the largest user of the ACH Network – for its decision to participate in Same Day ACH. There are significant Same Day ACH use cases for the U.S. Treasury, such as disaster assistance payments and receipt of tax collections and remittances. As the payments industry in the U.S. moves toward ubiquitous faster payments options, it is appropriate and welcome for the U.S.
August 31, 2017
Nacha Presents Strategic Direction Statements for the ACH Network and Organization HERNDON, Va., Sept. 1, 2017 – Nacha—The Electronic Payments Association® today announced several staff changes and realignment of key areas of responsibility to support new and continued areas of focus for the organization resulting from strategic planning. Key changes ensure dedicated, clear focus on initiatives that reduce friction and increase utilization of the ACH Network, while working to strategically expand and diversify the organization. Under Nacha President and CEO Janet O.
July 19, 2017
HERNDON, Va., July 20, 2017 – Today, Nacha—The Electronic Payments Association® announced MACH1 as a Preferred Partner for ACH Enablement of Micro Businesses. Nacha Preferred Partners are a select group of providers and innovators that uniquely contribute to Nacha’s strategic efforts and the payments ecosystem by removing friction, increasing ease, accessibility and efficiency, or supporting sound risk management and security for ACH payments. MACH1 was selected as a Preferred Partner based on its concentrated focus on providing products and services to the smallest of businesses to support
June 27, 2017
Nacha program provides comprehensive curriculum for both payments novices and veterans July 16-19 in Atlanta HERNDON, Va., June 27, 2017- Nacha—The Electronic Payments Association is celebrating the 30th year of The Payments Institute, a university-style program focused on continuing payments education for industry professionals. TPI will be held July 16-19 at the Emory Conference Center Hotel in Atlanta. “Just as the payments industry and ecosystem have evolved over the last 30 years, so has The Payments Institute,” said Scott M.
June 26, 2017
Survey of credit and account receivables professionals details current and future payment trends, and payment preferences Free webinar revealing survey findings to be held June 28 HERNDON, Va. June 26, 2017 – According to a new survey conducted by Credit Research Foundation (CRF) in partnership with Nacha- The Electronic Payments Association, credit and account receivables professionals anticipate that ACH transactions will surpass checks as the leading form of payment received from business customers by 2020.
Nacha’s API Standardization Industry Group Identifies Top Categories of Use Cases for Standardization Efforts during Inaugural Meeting
June 22, 2017
Summary Meeting Report, Released Today, Also Outlines Group’s Ideas for an API “Playbook” HERNDON, Va. June 23, 2017 – Nacha—The Electronic Payments Association® and the Payments Innovation Alliance, today released the Summary Report from the inaugural meeting of the API Standardization Industry Group. The API Standardization Industry Group, formally created in the spring 2017, will work to further efforts to standardize the use of APIs in the U.S. financial services industry.
92 Percent of Financial Institutions Surveyed Ready to Originate Same Day ACH Debits on Sept. 15, 2017
June 7, 2017
Zero Financial Institutions Have Experienced an Increase in Fraud Due to Same Day ACH HERNDON, Va., June 7, 2017 – Nacha—The Electronic Payments Association®, the steward and rule maker of the ACH Network, today released results from a March-April 2017 qualitative survey of 24 financial institutions representing two-thirds of ACH origination volume on implementation readiness for Same Day ACH debits on the effective date of Sept.
Nacha’s Government Relations Advisory Group Hosts Fourth Annual Capitol Hill Day to Highlight ACH Network Advancements and Industry Initiatives
June 6, 2017
HERNDON, Va., June 6, 2017 – On Thursday, June 8, Nacha—The Electronic Payments Association’s Government Relations Advisory Group (GRAG) will convene in Washington, D.C., for its fourth annual Capitol Hill Day. Each year, members of GRAG, which includes leaders from large and small financial institutions and Regional Payments Associations (RPAs) from across the country, meet with Congressional representatives and staff to continue education on the ACH Network, payments industry initiatives, and the Nacha Operating Rules, which govern the Network that transfers $43 trillion annually. This yea
The Month of May is the Perfect Opportunity to Increase Savings and Build Wealth through Direct Deposit and Split Deposit
May 16, 2017
Nacha encourages workers to use the electronic deposit of payroll to automate their savings HERNDON, Va., May 16, 2017 – The problem is clear. Workers are not saving enough for their future nor to cover emergencies that may crop up. In fact, the average personal saving rate – the amount of disposable income put towards saving – hovers around 6 percent, which is far too low. Further, 46 percent of U.S. households do not have $400 readily available to cover an emergency expense. Yet, the solution is simple.
April 27, 2017
Research points to opportunity for ACH payments to increase donor retention HERNDON, Va., April 27, 2017 – Nacha today debuted its nonprofit toolkit, designed to help nonprofits grow their sustaining donor programs.
April 25, 2017
AUSTIN, Texas, April 25, 2017 – Nacha—The Electronic Payments Association® today announced the recipients of its 2017 Nacha 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 Nacha Challenge Awards. The award winners were recognized during the Nacha 2017 Payments Awards Luncheon, sponsored by TD Bank, during PAYMENTS 2017.