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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Fed Chairman Powell Responds to Senate Banking’s Letter on Real Time Payments

August 1, 2019
As mentioned in the last NewsLink, on July 22, 2019, a bipartisan group from the Senate Banking Committee – Sens. Mark Warner, (D-Va.), Thom Tillis, (R-N.C.), David Perdue, (R-Ga.), Jon Tester, (D-Mont.), and Tom Carper, (D-Del.), sent a letter to Federal Reserve Board Chairman Jerome Powell pressing him to provide answers to several questions prior to any additional action being taken by the Fed in relation to the Fed’s October 2018 RFC on “actions the Federal Reserve could take to support faster payments in the United States”.

NACHA Government Relations Update – July 25, 2019

July 24, 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 Democrats Introduce Bill to Require Fed to Develop a Real-Time Payments System; Senators Urge Fed Chair Powell for Answers on Real-Time Payments; and more.

Senators Urge Fed Chair Powell for Answers on Real-Time Payments

July 24, 2019
On July 22, 2019, a bipartisan group from the Senate Banking Committee – Sens. Mark Warner, (D-Va.), Thom Tillis, (R-N.C.), David Perdue, (R-Ga.), Jon Tester, (D-Mont.), and Tom Carper, (D-Del.), sent a letter to Federal Reserve Board Chairman Jerome Powell pressing him to provide answers to several questions prior to any additional action being taken by the Fed in relation to the Fed’s October 2018 RFC on “actions the Federal Reserve could take to support faster payments in the United States”.
Government Affairs Updates

FinCEN and Regulators Issue Statement on Anti-Money Laundering Examinations

July 24, 2019
On July 22, 2019, U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN), the Federal Reserve, Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency and National Credit Union Administration issued a joint statement with the intent to clarify how examinations related to the Bank Secrecy Act are specifically tailored for each bank’s individual risk profile.
Government Affairs Updates

Nacha’s API Standardization: A Necessary Undertaking

July 23, 2019
Nacha is leading the industry effort on API standardization. To accomplish this objective, Nacha supports Afinis Interoperability Standards, a membership-based governance organization that brings together diverse collaborators to develop implementable, interoperable, and portable financial services standards.
Blog

Healthcare and Dental EFT/ACH Claim Payments Continue to Grow

July 23, 2019
Nacha continues to work diligently with key partners in both the Healthcare and Dental industries. Second quarter 2019 Healthcare EFT transactions via ACH were up 9.4 million over the same quarter in 2018, which is a 12.8% increase.
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