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.
November 2, 2020
HERNDON, Va., Nov. 2, 2020 – Nacha welcomes Nivelo to its growing list of partners– including Visa – who have signed up as an early adopter of Phixius, a payment-information exchange platform that helps organizations more securely share and manage electronic payments information. (Related release.)
October 29, 2020
Direct Deposit is one of those things that’s easy to take for granted. Yet, like clockwork, it delivers employees' salaries each payday, as well as Social Security and veterans’ benefits.
October 26, 2020
Nacha’s Afinis Interoperability Standards will hold a virtual planning meeting on Wednesday, Oct. 28 from 3:00 to 5:00 p.m. ET via GoToMeeting. This will be a working meeting utilizing agile program increment planning to determine the steps for the next Afinis sprints.
October 23, 2020
Would You Give Us 10 minutes of Your Time? As a payments professional who has interacted with Nacha, we would greatly value your input to help ensure that we are meeting payments industry needs and delivering you quality payments information in the best way. We've assembled a survey with 35 simple questions to complete. All responses will remain confidential and secure.