February 3, 2021
Sometimes, changes to the Nacha Operating Rules come in two parts. Such is the case with the Rule on Differentiating Unauthorized Return Reasons, where the second part will be implemented soon.
February 2, 2021
When the pandemic hit, a lot of people suddenly found themselves out of work and in need of savings to weather the storm. The trouble is that even before COVID-19, many Americans didn’t have much put away. This highlights the importance of America Saves Week, Feb. 22-26. Once again, Nacha is pleased to support this annual initiative of the Consumer Federation of America.
January 25, 2021
Without a doubt, becoming an AAP is great for career growth, but Brenda Eckert, AAP, sees even more importance in achieving the accreditation. “At Wells Fargo we have a strong focus on the AAP. We feel there is so much value in helping our customers and doing our part to ensure the ACH Network is a quality network,” said Eckert, Senior Vice President, Treasury Services Manager, at Wells Fargo in Minneapolis.
January 25, 2021
All those who don’t like getting their money faster can stop reading here. For the rest of us, if you’re expecting (or at least hoping for) a tax refund this year, make sure to give the IRS your Direct Deposit information. It’s a great idea in general, but this year there are additional reasons for ensuring your refund goes straight to your bank account. For one thing, the IRS said recently that nine out of 10 taxpayers will receive their refund “within 21 days of when they file electronically” if they use Direct Deposit.
January 21, 2021
ACH Growth Gets Boost from Stimulus Payments and Shift from Checks Strong growth continued on the ACH Network in the final quarter of 2020, with 7 billion payments made, an increase of nearly 9% from a year earlier. Combined with data on check payments, the results show the dramatic impact of the pandemic on the use of payments by Americans, businesses and government agencies compared to a year ago, before the pandemic had significantly impacted the U.S. economy.
January 20, 2021
The new online, on-demand learning system will help payments professionals stay current on industry developments HERNDON, Va., Jan. 20, 2021 – Nacha announces the launch of SPEAK (Strengthening Payments Engagement and Knowledge), its new online, on-demand learning system that further expands its leadership in payments education.
January 19, 2021
Nacha today announced its newest Board Members. Seven senior executives began terms as Nacha Directors Jan. 1, 2021. These individuals include one current Director who returned to the Board for another term and six individuals who are new to the Nacha Board.
January 14, 2021
Finicity, a Mastercard company, is now a Nacha Preferred Partner for Account Validation through Finicity Pay™, an integrated solution set of Finicity’s open banking platform. In becoming a Preferred Partner, Finicity joins a select group of innovators that Nacha recognizes for offering products and services that align with Nacha’s core strategies to advance the ACH Network. The program is open to technology and solution providers that:
January 12, 2021
Moving the modern ACH Network forward to provide users with the best possible experience is one of Nacha’s most important goals. That’s why the ACH Network is always evolving, and this year will be no different. “2021 is going to be a year full of some great Rules changes, things that help drive our ACH Network forward, increase our volume, and keep it the safe, reliable ACH Network that we all know and love,” said Debbie Barr, Nacha Senior Director, ACH Network Rules Process.
January 12, 2021
Nacha was once again named as one of the Best Places to Work in Virginia. The annual list was created by Virginia Business Magazine and Best Companies Group. This statewide survey and awards program is designed to identify, recognize and honor the best places of employment in Virginia, benefiting the state's economy, workforce and businesses. The 2021 Best Places to Work in Virginia list is made up of 100 companies.
January 12, 2021
ECS Fin is now a Nacha Preferred Partner for Corporate Remittance and Data Routing. In becoming a Preferred Partner, ECS joins a select group of innovators that Nacha recognizes for offering products and services that align with Nacha’s core strategies to advance the ACH Network. “Our Preferred Partners play a key role in the evolution of the nation’s modern ACH Network,” said Nacha President and CEO Jane Larimer. “We welcome ECS Fin to the Nacha Preferred Partner community and look forward to working with them.”
January 7, 2021
ValidiFI is now a Nacha Preferred Partner for Account Validation. In becoming a Preferred Partner, ValidiFI joins a select group of innovators that Nacha recognizes for offering products and services that align with Nacha’s core strategies to advance the ACH Network.