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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Nacha Files Comment Letter Re: FedNow Service

November 5, 2019
On Oct. 31, 2019, Nacha submitted a comment letter to the Federal Reserve Board of Governors in response to the recent notice and request for comment regarding the proposal to develop a new real-time payment and settlement service, called FedNow.
Government Affairs Updates

Nacha Announces Dwolla as a Preferred Partner for ACH Technology

October 25, 2019
Dwolla is now a Nacha Preferred Partner for ACH Technology. In becoming a Nacha Preferred Partner, Dwolla joins a select group of innovators contributing to Nacha’s strategic efforts in support of the ACH payments ecosystem by removing friction, increasing ease, improving cash flow accessibility and efficiency, as well as supporting sound risk management and security for ACH payments.  “The ACH Network is thriving and our Preferred Partners play a key role in building the modern network,” said Jane Larimer, Nacha President and CEO.
Press Release

Sullivan & Dunn Address Faster Payroll Misconceptions

October 22, 2019
Nacha’s Bill Sullivan and American Payroll Association’s, Bill Dunn sat down with PaymentsJournal to discuss the misconceptions around Direct Deposit during faster payments debate inside the Beltway.
Government Affairs Updates

ACH Network Volume Jumps 9.5% in Third Quarter

October 15, 2019
ACH Network payment volume and Same Day ACH payment volume both soared in the third quarter of 2019. The 6.2 billion ACH payments in the third quarter is an increase of 9.5% from a year earlier. There were 3.6 billion debit transactions and 2.6 billion credits. Those payments were valued at $14.1 trillion, which is nearly 11% more than the third quarter of 2018. 
Press Release

Senate & House Hold Hearings on Faster Payments

October 3, 2019
The Senate and House both held hearings last week regarding Faster Payments in the U.S. Nacha provided a Statement for the Record for each hearing.
Government Affairs Updates

Nacha Government Relations Update – Oct. 03, 2019

October 2, 2019
Nacha's Government Relations update provides insight on policy matters at the federal and state level that could impact the ACH Network. In this edition: Senate & House Hold Hearings on Faster Payments; Nacha on the Hill in Advance of Faster Payments Hearings; House Passes Cannabis Legislation; and more.

House Passes Cannabis Legislation

October 2, 2019
On Sept. 25, 2019, the U.S. House passed legislation that would allow banks and credit unions to provide financial services to state-authorized cannabis businesses without federal penalties.
Government Affairs Updates

Nacha Adds Synovus as a Direct Financial Institution Member

September 30, 2019
Nacha today announced the addition of Synovus as a Direct Financial Institution Member. Nacha’s Direct Members now consist of 32 financial institutions and 11 Payments Associations (PAs) that jointly represent approximately 11,000 financial institutions across the U.S. “On behalf of Nacha and its Board of Directors, I welcome Synovus to the Nacha family as a Direct Member,” said Jane Larimer, president and CEO of Nacha.
Press Release