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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876 results

Varo Moves Closer to Bank Charter

February 19, 2020
The FDIC has approved Varo Money’s application for deposit insurance, putting it on the brink of becoming the first financial technology company to obtain a national bank charter.
Government Affairs Updates

ACH Operators Announce Third Same Day ACH Processing Schedule

February 18, 2020
Following Nacha’s confirmation of March 19, 2021, as the effective date for the new, third Same Day ACH window, The Clearing House and the Federal Reserve Banks, as the two ACH Operators, have agreed on the following processing schedule. The deadline for the receipt of originated Same Day ACH payments from originating depository financial institutions (ODFIs) will be 4:45 p.m. Eastern Time; the target distribution time for the output to receiving depository financial institutions (RDFIs) will be 5:30 p.m. ET; and settlement will occur at 6:00 p.m. ET.
Announcement

Dental Case Study - Dr. Amy Adair

February 10, 2020
Why does Northern Virginia dentist Dr. Amy Adair like electronic claim payments via ACH? And what happened when an insurer tried sending virtual credit cards? Nacha's case study shows why EFT payments is the way to go for healthcare professionals.

Alliance: Shaping the Future of Payments

February 5, 2020
Nearly 200 movers and shakers in the payments industry will gather in Las Vegas to discuss the hot topics that impact the business of payments. Check out the agenda.
Blog

Now is the Time to Prepare for the ACH Contact Registry

February 5, 2020
Although the ACH Contact Registry doesn't open until July 1, your financial institution should already be thinking about how it will comply with this new Nacha Operating Rule. A recent Nacha webinar offered a wealth of useful information.
Blog

Nacha Government Relations Update – Feb. 6, 2020

February 4, 2020
Nacha recently submitted a Statement for the Record to the House Financial Services Fintech Task Force for the Congressional Hearing: “Is Cash Still King? Reviewing the Rise of Mobile Payments” and filed comments supporting the Federal Government’s use of ACH and Nacha Rules. Also, regulators hope to soon help banks offer small-dollar loans.