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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May 20, 2020
We’ve all heard of identity fraud, but synthetic identity fraud? It’s real. It’s expensive. And it’s time to raise your awareness. Rather than flat out stealing someone’s ID, this involves a long, elaborate process in which perpetrators “mix and match” real and phony information to create an ID, said Dave Richardson, Senior Manager, Fraud & ATM Operations, at First National Bank of Omaha. 
May 19, 2020
Part 1 of 4 (Part 2, Part 3, Part 4) 
May 18, 2020
Nacha has awarded Nacha Certified status to human capital management firm Paycor. Nacha Certified is a voluntary program that helps Third-Party Senders in the ACH Network to set themselves apart in today’s competitive market. Successful Nacha Certified candidates demonstrate effective ACH Rules compliance and risk management, and sound corporate governance.  Paycor combines technology and expertise to help its customers streamline people management through its HCM platform, freeing small and medium-sized businesses to focus on their mission.
May 14, 2020
Odds are you’ve been working from home a lot recently, and every so often there’s probably something you need at the office. Maybe it’s the printer for the jumbo spreadsheet, or the double monitor setup at your desk.  At the same time, there may be something that hasn’t changed no matter where you’re working: the challenge of finding the right person at another financial institution to help with an ACH issue. That’s where the new ACH Contact Registry is going to help. 
May 11, 2020
PaymentWorks is now a Nacha Preferred Partner for Business Identity Services. In becoming a Preferred Partner, PaymentWorks joins a select group of innovators whose offerings align with Nacha’s strategies to advance the ACH Network.
May 6, 2020
Phixius to Help Industry Interoperability The coronavirus pandemic is an epochal health care crisis, and presents so many other challenges as well, including how to maintain business continuity for sending and receiving payments.
April 29, 2020
The topic was “Future-Readiness of Community Financial Institutions,” but given some changes necessitated by the coronavirus, the future may already be at hand. “I can’t think of a time across the number of years in my career where strategy has been more important,” said Deborah Matthews Phillips, Senior Vice President of Payments and Technology Policy at the Independent Community Bankers of America. 
April 24, 2020
Last May it was standing room only at a Payments 2019 session on how to handle ACH payments that start with a command to Siri, Alexa, or any of the other virtual assistants. Fast forward a year and that’s still very much a hot topic. At 2020’s Smarter Faster Payments: Remote Connect, there was solid progress to report, as a change to the Nacha Operating Rules is being proposed. 
April 22, 2020
Life really can—and does—change in the blink of an eye.  Not long ago, we created a video that we were excited to share at Smarter Faster Payments 2020. Unfortunately, that wasn’t possible. But at Nacha we’re nothing if not nimble. In fact, Nacha’s Core Values make clear that we don’t shy away from tough problems or long odds, and we are comfortable with the discomfort of change. In that spirit, rather than get together as we’d hoped, Smarter Faster Payments 2020 became an online “highlights” event this year, and our original video also turned into something different.
April 22, 2020
Nacha recently announced it is developing Phixius, an online platform that integrates technology, rules and participants to exchange payment-related information across all payment types. This new platform was featured in the Nilson Report, which covers the global card and mobile payment industry. The article noted:
April 21, 2020
There’s no shortage of adjectives to describe the ACH Network, though Alex Romeo used a term you’re more likely to see on an item at Home Depot. “Quite frankly, it is industrial strength,” said Romeo, Vice President and Product Manager for the Electronic Payments Network at The Clearing House. “When you look at the volume—almost 25 billion transactions were processed last year through this network—that’s what I mean when I say it is industrial strength. It is built for large volume, bulk payments.”
April 20, 2020
Nacha today announced it has named Forte®, a CSG® company, as a Preferred Partner for Government Agency ACH Payment Gateways.   In becoming a Preferred Partner, Forte joins a select group of innovators that Nacha recognizes for their leadership and innovation in advancing the ACH Network.  Nacha Preferred Partners offer products and services that align with Nacha’s strategies to advance the ACH Network.