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.

747 results

Afinis Interoperability Standards Names Inaugural Board of Directors and Officers

April 23, 2019
HERNDON, Va., April 23, 2019 – Afinis Interoperability Standards, a new member-led organization supported by Nacha, announced its inaugural Board of Directors and Board Officers. The Board of 10 members and three officers will guide the strategic direction of the organization, which is advancing financial industry standards, including API standardization and other financial services standards, across the U.S.

Nacha Announces Finalists for its 2019 Payments Awards

April 15, 2019
Online voting for the winner of the Nacha Excellence in Payments Award now open; voting for the ACH Challenge Award will take place at PAYMENTS 2019 in Orlando HERNDON, Va., April 15, 2019 – Nacha announces the finalists for its 2019 Payments Awards, which celebrate proven accomplishment and leadership in the payments industry and recognize and reward the payments innovations defining the future.

New Guidance to Prepare for Same Day ACH Enhancements

April 10, 2019
Three new enhancements to Same Day ACH are coming. The first takes effect in just a matter of months—September 20, 2019, to be precise. To help with preparations, Nacha has created three new guidance sheets. Each is a two page PDF available for download. There are versions for Originating Depository Financial Intuitions (ODFIs), Receiving Depository Financial Intuitions (RDFIs), and Processors.  You will also find them in our Same Day ACH Resource Center, which has a wealth of helpful information. 

FDIC’s McWilliams Wants Bank Regulators to Have a Common Standard for Small-Dollar Loans

April 5, 2019
Federal regulators need to create consistent guidance on the standards for bank small-dollar loan offerings. FDIC Chair, Jelena McWilliams stated that banks have been unwilling to get involved in the small-dollar loan market is because the three main federal banking regulators, the FDIC, the Federal Reserve and the Office of the Comptroller of the Currency, all have different guidelines in place for such product offerings.
Government Affairs Updates

Nacha Announces Transactis as a Preferred Partner for API Enablement of Electronic Bill Payments

April 3, 2019
HERNDON, Va. — April 3, 2019 — Transactis is a new Nacha Preferred Partner for API Enablement of Electronic Bill Payments. Nacha Preferred Partners are a select group of innovators that contribute 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.

How Same Day ACH Works for ‘The Forgotten Gig Economy’

April 2, 2019
You hear a lot about how the gig economy is perfect for Same Day ACH. And it is. But Jessica Koenig also keeps in mind what she calls “the forgotten gig economy.” “Before there was Uber and Lyft marketplace apps you had consumer direct sales firms with independent sales reps and owner-operator truck drivers. There are plenty of other use cases with independent contractors or sole proprietors that need to get paid, but don’t fit into this app and marketplace phenomenon,” said Koenig, founder and chief product officer at KyckGlobal.

Nacha Government Relations Update – April 4, 2019

April 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: House working towards cannabis banking relief; House and Senate introduce legislation to eliminate remotely created checks; and more.

House Working Toward Cannabis Banking Relief

March 29, 2019
The House of Representatives is inching closer to voting on a banking cannabis business relief bill after the Financial Services Committee voted to move the bill out of committee to a full House vote.

Nacha Releases Top 50 Rankings of ACH Originating and Receiving Financial Institutions; Updated Figures Show 2018 Total Volume of 27 Billion ACH Payments

March 28, 2019
HERNDON, Va., March 28, 2019 – Nacha today released its Top 50 rankings of originators and receivers of ACH payments for 2018.  The Top 50 originating financial institutions accounted for volume of more than 19.7 billion ACH payments, an increase of almost 7 percent from 2017. Nearly 93 percent of ACH Network commercial origination volume is attributable to these financial institutions.  On the receiving side, the Top 50 financial institutions accounted for volume of over 13.5 billion ACH payments, up nearly 8 percent from 2017.