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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December 2, 2020
Long before anyone dreamed of using a smartphone to make a payment, people were exchanging shells for fresh fish or bushels of wheat. Over the centuries, the payments process has evolved to include currency, letters of credit, ACH, cards, checks and more. This fascinating history is covered in a new book published by Nacha, “The Story of Payments – How the Industrialization of Trust Created the Modern Payments System.”
December 1, 2020
Nacha has teamed up with WiseBread to host a Tweetchat on Thursday, Dec. 10 at 3 p.m. ET. Participants have a chance to win $300 in prizes – one $200 Amazon gift card and two $50 Amazon gift cards. The chat is part of our Direct Deposit Delivers campaign. We’ll be addressing financial planning for the new year and how you can use Direct Deposit and Split Deposit to put your savings on autopilot.
November 23, 2020
The festive season is here and for many of us giving to our favorite causes is an important part of that. For the charities we open our hearts and wallets to, paying by ACH should be an important part of the process. “Charities and houses of worship can really see a tremendous value by using ACH for ongoing donations,” said Brad Smith, Nacha Senior Director, Industry Engagement and Advocacy. Sustaining donors who give regularly by ACH have tremendous value to charitable groups, and Smith has the numbers to back that up.
November 20, 2020
A big enhancement is coming next year for Same Day ACH, but changes to meet the needs of users are an ongoing process, the chairman of the Nacha Board of Directors told a recent conference of corporate treasury professionals. “We never stop. We’re always looking at where do we go next,” said Joe Hussey, Managing Director, North America Payables & Receivables Product Executive, J.P. Morgan.
November 20, 2020
In this most unusual year, we’ve seen many things change, including the way businesses pay vendors. With staff often operating remotely, there’s been a noticeable shift away from paper checks in favor of electronic payments. Now, a new survey finds a big push is on to convert the majority of B2B payments to electronic.  The Association for Financial Professionals conducted the survey during its recent AFP 2020 conference, held virtually. More than three-quarters of responses came from corporate practitioners who manage treasury functions.  
November 18, 2020
Many are familiar with the ACH Network, which last year electronically moved 24.7 billion payments valued at nearly $56 trillion between accounts at different financial institutions for payments including large B2B transactions or payroll direct deposit.
November 18, 2020
Nacha’s Government Relations Advisory Group (GRAG) held their annual meeting on November 10th. The meeting focused on the Presidential & Congressional elections and what the policy implications may be for payments. Politico led off the day with a comprehensive election results analysis, followed by the Cowen Washington Research Group discussing fintech’s role in the 117th Congress and new administration. The mid-day portion of the meeting focused on FedNow/faster access to money and the outlook for more stimulus relief via ACH.
November 18, 2020
Businesses and other organizations play an important role in the modern ACH Network, which is why Nacha has created a new ACH Rules for Corporates Resource Center dedicated to assisting them. Nacha’s ACH Rules for Corporates Resource Center is a one-stop hub for corporate end users to keep up with developments to the Nacha Operating Rules and the ACH Network. Among the resources available are:
November 10, 2020
Today Nacha announces that Phixius, a new platform that facilitates the trusted exchange of payment information is live and has completed its first information exchange transactions between participants.  
November 9, 2020
Nacha’s Government Relations team has been closely monitoring U.S. election results over the past week. For a summary, read the RFA Election Analysis, prepared for Nacha by Rich, Feuer & Anderson.
November 6, 2020
There’s a “Seinfeld” episode where Jerry gets hundreds of checks—each for 12 cents—as residuals for appearing on the “Super Terrific Happy Hour,” and winds up with writer’s cramp from endorsing them. The good news now is that whenever that episode—or any other “Seinfeld” episode—plays on TV, the real Jerry can collect his residuals by Direct Deposit.
November 4, 2020
Every hour of every day, in corners of the world near and far, the men and women of the United States armed forces are hard at work keeping us safe. That’s why it’s important to pause every Nov. 11—Veterans Day—to remember the sacrifices so many have made for the rest of us.