November 10, 2020
Today Nacha announces that Phixius, a new platform that facilitates the trusted exchange of payment information is live and has completed its first information exchange transactions between participants.
November 9, 2020
Nacha’s Government Relations team has been closely monitoring U.S. election results over the past week. For a summary, read the RFA Election Analysis, prepared for Nacha by Rich, Feuer & Anderson.
November 6, 2020
There’s a “Seinfeld” episode where Jerry gets hundreds of checks—each for 12 cents—as residuals for appearing on the “Super Terrific Happy Hour,” and winds up with writer’s cramp from endorsing them. The good news now is that whenever that episode—or any other “Seinfeld” episode—plays on TV, the real Jerry can collect his residuals by Direct Deposit.
November 4, 2020
Every hour of every day, in corners of the world near and far, the men and women of the United States armed forces are hard at work keeping us safe. That’s why it’s important to pause every Nov. 11—Veterans Day—to remember the sacrifices so many have made for the rest of us.
November 2, 2020
HERNDON, Va., Nov. 2, 2020 – Nacha welcomes Nivelo to its growing list of partners– including Visa – who have signed up as an early adopter of Phixius, a payment-information exchange platform that helps organizations more securely share and manage electronic payments information. (Related release.)
October 29, 2020
Direct Deposit is one of those things that’s easy to take for granted. Yet, like clockwork, it delivers employees' salaries each payday, as well as Social Security and veterans’ benefits.
October 26, 2020
Nacha’s Afinis Interoperability Standards will hold a virtual planning meeting on Wednesday, Oct. 28 from 3:00 to 5:00 p.m. ET via GoToMeeting. This will be a working meeting utilizing agile program increment planning to determine the steps for the next Afinis sprints.
October 23, 2020
Would You Give Us 10 minutes of Your Time? As a payments professional who has interacted with Nacha, we would greatly value your input to help ensure that we are meeting payments industry needs and delivering you quality payments information in the best way. We've assembled a survey with 35 simple questions to complete. All responses will remain confidential and secure.
October 20, 2020
The ACH Network had exceptionally strong growth in the third quarter of 2020, with a resurgence of commercial volume even as some government assistance payments have largely concluded. Volume on the ACH Network totaled 6.8 billion payments in the third quarter, a 9% increase from the same period in 2019. The value of those payments, $15.9 trillion, reflects a 13.1% increase. With one additional banking day in the third quarter of 2020 compared to the third quarter of 2019, ACH Network volume compared on a per-day basis increased by 7.3%.
October 19, 2020
While it might be surprising to realize that Same Day ACH went live more than four years ago, ongoing enhancements to this new ACH Network capability have kept the ACH industry busy. Following the increase in the Same Day ACH dollar limit this past March, a new Same Day ACH processing opportunity arrives in March 2021, at which point “the streak will still be alive of six phases of Same Day ACH becoming effective over six consecutive calendar years,” said Michael Herd, Nacha Senior Vice President, ACH Network Administration.
October 19, 2020
Approximately six months ago, Nacha issued several ACH Operations Bulletins and Frequently Asked Questions announcing relief from a variety of requirements of the Nacha Operating Rules due to the impact of the coronavirus pandemic. This ACH Operations Bulletin provides an update on the status of that relief, as well as information on upcoming effective dates of new Nacha Rules and other ACH requirements. Relief Extended Indefinitely
October 19, 2020
Willie Nelson couldn’t wait to get on the road again. Nor can Nacha’s Industry Verticals team. They’re used to visiting conferences far and wide to share the benefits of ACH payments for everything from charitable giving to recurring subscription payments and more. As the pandemic has forced in-person conferences online, the team remains hard at work, only remotely. Nacha and the ACH Network have sponsored and exhibited at virtual events with anywhere from 2,000 to 20,000 attendees.