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.

156 results

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.
Press Release

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.
Press Release

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
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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.[1] Further, 46 percent of U.S. households do not have $400 readily available to cover an emergency expense.[2]   Yet, the solution is simple.
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Recipients of 2017 Nacha Payments Awards Named at PAYMENTS 2017

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.
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Nacha Announces Fiserv as a Preferred Partner for Payments and Financial Services

April 24, 2017
HERNDON, Va., April 24, 2017 – Today, Nacha–The Electronic Payments Association® announced Fiserv as a Preferred Partner for Payments and Financial Services. 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.
Press Release

Nacha’s Elevation Supports Traxpay in the Implementation of its Dynamic Financing Platform

April 24, 2017
Elevation, Nacha’s consulting group, to write custom rules for Traxpay’s innovative platform   HERNDON, Va., April 24, 2017 – Nacha—The Electronic Payments Association® announced today that it has been selected by Traxpay, a Frankfurt-based fintech company, to create rules for its business-to-business (B2B) payments and financing platform.
Press Release

Nacha Launches the Mutual of Omaha Bank Corporate Learning Center at PAYMENTS 2017

April 12, 2017
Features specialized education for payments professionals from business, state and local government, higher education, and charitable and religious organizations   HERNDON, Va., April 12, 2017 – Nacha—The Electronic Payments Association® announced today it will launch the Mutual of Omaha Bank Corporate Learning Center featuring specialized education for payments professionals from business, state and local government, higher education, and charitable and religious organizations at PAYMENTS 2017.   The conference, which is the definitive destination for faster payments education, will take pla
Press Release

Nacha Announces Finalists for the 2017 Payments Awards

April 4, 2017
Online voting for the winner of the Nacha Excellence in Payments Award now open; voting for Nacha Challenge Award will take place on site at PAYMENTS 2017   HERNDON, Va., April 4, 2017 – Nacha—The Electronic Payments Association® announced today the finalists for the 2017 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, for which Nacha received three dozen proposals for consideration from payments industry participants, include the Nacha Excellence in Payme
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Panel of Industry Experts to Discuss the Innovation Culture in Financial Services at Nacha’s PAYMENTS 2017

March 29, 2017
Speakers from the Filene Research Institute, MUFG Union Bank, and Oliver Wyman will provide a roadmap for new ideas from research to action   HERNDON, Va., March 29, 2017 – Nacha—The Electronic Payments Association® announced today it has completed its slate of keynote speakers with a panel of payments industry experts that will discuss the innovation process at PAYMENTS 2017. PAYMENTS, the definitive destination for faster payments education, will take place April 23-26 in Austin, Texas.
Press Release

Plaid CEO and Co-Founder Zach Perret to Discuss the API Landscape as the Opening Keynote Speaker at PAYMENTS 2017

March 21, 2017
Nacha also announces a new Exhibit Hall feature -- Innovator Row and Pitch Competition -- highlighting emerging fintech providers   HERNDON, Va., March 21, 2017 – Nacha—The Electronic Payments Association® announced today that Zach Perret, CEO and co-founder of Plaid, a technology company that has built a suite of APIs and data analytics products to help modernize banking infrastructure, will serve as the opening keynote speaker at PAYMENTS 2017. PAYMENTS, the definitive destination for faster payments education, will take place April 23-26 in Austin, Texas.
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