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 Statement on Unauthorized ACH Reversals

September 13, 2019
Sept. 13, 2019 Nacha Statement The ACH Network has strong consumer protection measures in place to protect them. There are rules in place to prevent unauthorized withdrawals, including unauthorized reversals of payroll deposits. This is an unprecedented and isolated incident, and obviously, these rules were circumvented in this case. We understand that this has been a hardship for many. Nacha contacted the responsible financial institution immediately upon learning of this incident to expedite the process of re-crediting these consumers’ accounts.
Article

Nacha Government Relations Update – Sept. 5, 2019

August 29, 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: Industry Trades Show Strong Support for Direct Deposit.

Industry Trades Show Strong Support for Direct Deposit

August 29, 2019
Nacha, backed by eight financial institutions and end-user trade associations sent a letter to Senate Banking and House Financial Services Committee staff about the success of Direct Deposit for America’s workforce.
Government Affairs Updates

Nacha Announces Plaid as a Preferred Partner for Account Validation

August 29, 2019
Plaid is now a Nacha Preferred Partner for Account Validation, joining a select group of innovators contributing to Nacha’s strategic efforts in support of the 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.
Press Release

Pay on Payday: Direct Deposit is Money in the Bank

August 25, 2019
How many times have you heard some version of “never take anything for granted”? Sometimes in this modern, digital age we forget about all the conveniences afforded us by advancements in technology, and we ignore that things haven’t always been done the way they are now. With real-time payments systems being built, real-time has been the topic du jour lately as it relates to paychecks.
Blog

Nacha Announces Envestnet | Yodlee as a Preferred Partner for Account Validation

August 23, 2019
Envestnet | Yodlee is a new Nacha Preferred Partner for Account Validation, joining a select group of innovators contributing to Nacha’s strategic efforts in support of the 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. 
Press Release

NACHA Government Relations Update – August 8, 2019

August 8, 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: Federal Reserve to Build a Real-Time Payment and Settlement Service to Support Faster Payments; Fed Chairman Powell Responds to Senate Banking’s Letter on Real Time Payments.