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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Proper Response to Notifications of Change

July 27, 2006
This Operations Bulletin is intended to remind ACH participants, and ODFIs and their Originators in particular, about the proper handling of changes requested via the NOC process.
Operations Bulletin

Use of the ACH Network for Illegal Internet Transactions

May 16, 2006
The National Association of Attorneys General (NAAG) has advised Nacha of a problem with violations of federal and state laws governing the sale of tobacco products by Internet tobacco retailers. NAAG has requested Nacha’s assistance in their efforts to stop the illegal sale of tobacco over the Internet, asking that the Nacha membership refuse to provide electronic payment processing services to Internet tobacco retailers engaged in illegal sales.
Operations Bulletin

Nacha Honors Federal Reserve Vice Chairman Roger Ferguson for Service to U.S. Payments System

April 28, 2006
The Electronic Payments Association will present its 2006 George Mitchell Payments System Excellence Award to Roger W. Ferguson, Jr., Vice Chairman of the Federal Reserve Board, who is completing his service to the Federal Reserve and the U.S. payments system on April 28, 2006. The award is named after one of Ferguson’s predecessors as Vice Chairman — George W.
Press Release

Parish National Bank Receives Nacha's 2006 ACH Quality Award for Hurricane Katrina Response

April 24, 2006
HERNDON, Va., April 24 -- Nacha-The Electronic Payments Association will award its 2006 Kevin O'Brien ACH Quality Award to Parish National Bank of Covington, Louisiana, in recognition of its disaster and business continuity planning and its remarkable efforts to provide its customers with automated clearing house (ACH) payment services in the aftermath of Hurricane Katrina.
Press Release

Interpretive Rule

January 13, 2006
This amendment modified the Nacha Operating Rules to explicitly state that Nacha’s Board of Directors has the authority to issue binding, written interpretations of the Rules.
Operations Bulletin

Clarification on Usage: Reason Return Codes for Stop Payments

October 20, 2005
This operations bulletin is intended to clarify that Return Reason Code R08 (Payment Stopped) can be used to return any entry (including ARCs and RCKs) where a stop payment order has been placed on the ACH entry.
Operations Bulletin

Use of PPD Debit Entries for Check Conversion

September 25, 2005
Use of the PPD Standard Entry Class Code for the conversion of consumer checks accepted at the point of purchase for payment of goods and services is not expressly recognized under the Nacha Operating Rules, as the POP application was designed with the express purpose of converting checks at the point of purchase. 
Operations Bulletin

Citigroup Receives Nacha's 2005 George Mitchell Payments System Excellence Award

April 12, 2005
SAN ANTONIO, Texas - Citigroup was recognized for their respective accomplishments in electronic-payment system implementation during Nacha -The Electronic Payments Association's PAYMENTS 2005 conference. In 2004, Citigroup originated 425 million ACH payments, including on-us items, doubling its volume of 2003, and in the process jumping from the eighth to the fifth largest bank originator of ACH payments, according to the Nacha Top 50 list.Seventy-eight percent of Citigroup's ACH growth is attributable to a decision by its Citi Cards business unit to use ARC to convert checks it receives fro
Press Release