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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March 26, 2020
Executive Summary The upcoming effective dates of the Rule on Supplementing Data Security Requirements are extended by one year, to June 30, 2021 and June 30, 2022, respectively. The effective dates of other approved and upcoming Rules remain in effect. Discussion
March 25, 2020
During the current national emergency, the ACH Network is operating normally to process payments for consumers, businesses, and government agencies. There are many impacts to daily life and business operations due to the practice of social distancing and the closing of many workplaces. The use and adoption of ACH payments can provide some assistance to people, businesses and government agencies during this difficult time. 1. Getting Paid by Direct Deposit
March 24, 2020
As social distancing has become necessary of late, and is likely to last a while, nonprofits and especially religious organizations face a serious problem: How to retain donations coming in on a regular basis when religious services and other fundraising events cannot take place in-person. Financial institutions and other service providers are perfectly positioned to help their nonprofit clients generate a sustained donation stream through recurring ACH payments.
March 20, 2020
In light of the current need for organizations to reduce on-site staffing levels, Nacha is providing temporary relief from deadlines for delivery of certain records that are required under the Nacha Rules.
March 20, 2020
With the coronavirus pandemic bringing uncertainty and disruption, be assured that the ACH Network, a vital part of America’s economic lifeblood, is operating normally.   Direct Deposits are being processed normally. Salaries, Social Security, tax refunds, veterans benefits, insurance claim payments, pension payments, expense reimbursements—anything paid by Direct Deposit that is sent into the ACH system is continuing. Banks and credit unions are operating to make Direct Deposit funds available to customers on time, even when branches have limited hours or staffing.
March 20, 2020
HERNDON, Va., March 20, 2020 – A major enhancement to Same Day ACH begins today, as the dollar limit per payment quadruples to $100,000. “This is one of the most requested changes Nacha has been asked for since Same Day ACH debuted,” said Nacha President and CEO Jane Larimer. “With the new $100,000 limit, we expect Same Day ACH will be even more useful to businesses and consumers.”
March 20, 2020
Banking was once largely about how many branches an institution had, and what interest rates it offered. But today’s customers are savvy—and have options. “A customer may not know or care about a cloud strategy, but they will know how adaptive their financial institution is to newer technologies, to offering new products,” said Peter Tapling, Nacha Technology Advisor. “Having that agility, having a unified experience across all of your platforms, and providing something that appears to consumers to be technology native will become increasingly important.” 
March 18, 2020
HERNDON, Va., March 19, 2020 – Nacha’s Afinis Interoperability Standards membership organization announced today it has partnered with XMLdation to enable its stakeholders to leverage the Finland-based company’s testing capabilities within Afinis’ developer portal.
March 18, 2020
Azimuth is now a Nacha Preferred Partner for Compliance Solutions. In becoming a Preferred Partner, Azimuth joins a select group of partners that Nacha recognizes for offering products and services that increase or enhance the use of secure ACH payments, information and messaging by financial institutions and end-user entities.
March 17, 2020
The day on the calendar with the big circle around it is finally here. This Friday, March 20, 2020, the dollar amount allowable per Same Day ACH payment quadruples to $100,000. As Nacha president and CEO Jane Larimer has said, “Same Day ACH is an important part of the modern ACH Network, and it is being embraced as the demand grows for faster payments.” And Larimer noted that the higher dollar limit “will make Same Day ACH even more attractive to consumers and to businesses of all sizes.” There are many potential use cases for the $100,000 limit.
March 16, 2020
Effective March 13, 2020 In response to recent guidance from the Centers for Disease Control and Prevention regarding the COVID-19 virus, the AAP Blue Ribbon Panel and the APRP Oversight Panel approved a temporary waiver of the maximum number of Continuing Education Credits (CECs) that can be earned via self-study. The AAP and APRP Continuing Education Guidelines currently allow for a maximum of 10 hours per year earned via self-study.
March 10, 2020
On March 9, Nacha issued an Operations Bulletin reminding financial institutions of the importance of reviewing their business continuity plans to ensure that they are prepared to maintain ACH payment processing capabilities in the event of possible workforce disruptions due to the coronavirus pandemic. The complete Operations Bulletin #2-2020 here.