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.

Featured News

Jane E. Larimer to be Next CEO of Nacha

Announcement Coincides with Refreshed Nacha Brand Uniting its Programs and Initiatives through New Visual Identity

ORLANDO, Fla., May 6, 2019 – The Nacha Board of Directors has selected Jane E. Larimer as the next President and CEO of Nacha effective July 1, 2019. The Board thanks Janet O. Estep, Nacha’s current President and CEO for her successful 11 years of leadership of Nacha and within the payments industry, and welcomes her assistance in the transition before she retires at the end of 2019.

Nacha Introduces the Nacha Corporate Experience

The Nacha Corporate Experience Combines Standards and Technology to Deliver a More Efficient Payments Experience for Today’s Businesses 

ORLANDO, Fla., May 6, 2019 – Today, Nacha introduces the Nacha Corporate Experience, a new way of demonstrating how businesses can more effectively exchange payments and information.

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Alexa Makes Life Easy for Many, But Raises Questions for ACH

May 20th, 2019
ORLANDO, Fla.—Alexa, pay the electric bill. That’s an increasingly common request—along with the water, gas, and who knows how many other bills. As convenient as it is for consumers, it’s raising new questions for ACH Network participants.

Why ACH Has a Place in the Future of Payments

May 20th, 2019
ORLANDO, Fla.—Jane Larimer never tires of telling people “the ACH Network is thriving” and for good reason: “Because it is.” Even as new payment methods emerge, Larimer believes ACH will have a place at the table. “There’s room and opportunity for all payments,” Larimer, Nacha’s chief operating officer, told a Smarter. Faster. Payments 2019 session on the future of the ACH Network. 

‘Fintechs Are from Mars, Financial Institutions Are from Venus’

May 20th, 2019
ORLANDO, Fla.—JP Nicols believes it’s time to “get serious about innovation”—although his definition of innovation might differ from financial institutions’. “It’s not just ‘innovation theater,’” said Nicols, managing director of FinTech Forge. Nor is it “the fintech petting zoo.”

FBI’s IC3 Releases 2018 Internet Crime Report

May 16th, 2019
Fraud schemes continue to grow, evolve and target legitimate businesses, nonprofits, government and other public-sector organizations. NACHA is committed to helping financial institutions, businesses, other organizations, and consumers protect themselves and prevent fraudulent activity.

Nacha Government Relations Summary - May 16, 2019

May 15th, 2019
Administration Taking Fresh Look at Overdraft Fees The Consumer Financial Protection Bureau (CFPB) is taking another look at the 10 year old overdraft fee regulations. The effort is part of a new CFPB initiative to assess how existing regulations affect small businesses.

ACH Will Remain Part of the ‘Backbone of U.S. Payment System’

May 15th, 2019
ORLANDO, Fla.—ACH is, and will remain, a vital part of the nation’s payment system, a senior Federal Reserve official told a Nacha conference. “We still expect the ACH Network to continue to be part of the backbone of the U.S. payment system. At the Federal Reserve we are still committed to that,” said Nell Campbell-Drake, vice president of the Federal Reserve Bank of Atlanta.

Is Your Company Due for a Digital Transformation?

May 15th, 2019
ORLANDO, Fla.—“What would your company look like if you created it today?” Tom Goodwin asked that question to make a point.  “It’s much easier to build something from scratch than it is to destroy and change what you have,” said Goodwin, head of innovation at Zenith Media and author of “Digital Darwinism.” But in his keynote at Smarter. Faster. Payments 2019, he made clear that business as usual won’t cut it.

Nacha Statement Regarding Federal Reserve Proposal to Support Same Day ACH Enhancements

May 14th, 2019
Nacha applauds the Federal Reserve Board of Governors for issuing its proposal to extend its settlement services to support Same Day ACH enhancements with later settlement hours. The industry has spoken loudly in support of the expansion of Same Day ACH, and the public benefits it will provide for all businesses and consumers that use the ACH Network. Risks due to the extension of settlement hours can be mitigated with changes that Nacha believes the industry can gradually adopt over the next year and 10 months.
Press Release

States Encourage Lawmakers to Address Cannabis Banking

May 13th, 2019
Attorney Generals from across the country called on Congress to take up cannabis banking legislation that would allow lenders to serve cannabis businesses that operate legally at the state level. The officials warned in a letter to House and Senate leadership that the conflict between federal and state law when it comes to marijuana has forced cannabis businesses to operate on a cash basis, that complicates taxation and makes the businesses targets for criminal activity.
Government Affairs Updates