October 14, 2020
Along with panelists from Visa and EY, Nacha's George Throckmorton recently participated in a panel on "Frictionless Finance: Using Data to Accelerate and Connect Businesses" at Sibos 2020, which is a global financial services event organized by SWIFT. The presenters discuss how data "powers payments" and is the key to frictionless commerce.
October 9, 2020
In a recent interview with PaymentsJournal, Nacha’s Jane Larimer discusses how the ACH Network delivered stimulus payments on time.
October 7, 2020
iCheckGateway.com is now a Nacha Preferred Partner for ACH Solutions and Automation. In becoming a Preferred Partner, iCheckGateway.com joins a select group of innovators that Nacha recognizes for offering products and services that align with Nacha’s core strategies to advance the ACH Network.
October 6, 2020
Not only has Nacha’s Afinis Interoperability Standards released its newest standardized application programming interface (API), but it also has found an early adopter to put it into action.
October 6, 2020
Joins the Executive Management Team HERNDON, Va. – Oct. 6, 2020 – Nacha recently named Jeanette Hait Blanco to the position of General Counsel. Prior to her promotion, Ms. Blanco served as Nacha’s Associate General Counsel – Network, where she provided legal support relating to the Nacha Operating Rules and for Nacha’s activities in the areas of electronic commerce and payments. Before joining Nacha, Ms.
October 5, 2020
Phixius, an online platform that integrates technology, rules and participants to exchange payment-related information across all payment types, was recently featured in Bank Info Security. In the article, Nacha Managing Director George Throckmorton, who is leading Phixius, said the new platform addresses the manual process of data exchange. Specifically, he said:
October 5, 2020
Americans are overwhelmingly choosing Direct Deposit for their pay, a new American Payroll Association (APA) survey finds. When asked how they receive their pay, 94% of respondents said Direct Deposit, according to APA’s 2020 “Getting Paid in America” survey.
October 2, 2020
Nacha has approved eight new amendments to the Nacha Operating Rules governing the use of ACH payments. Many of the changes reflect a long-term strategy to modernize the ACH system, both through infrastructure improvements such as Same Day ACH; and making ACH payments easier to use for the country’s consumers, businesses and other organizations.
September 30, 2020
It doesn’t seem that long ago we sent out an email heralding the launch of the ACH Contact Registry. Now we’re at the point where the ACH Contact Registry has been open three months, with another very important milestone literally days away. October 30 is the deadline for financial institutions to register their contact information. That’s coming up fast, and while procrastination may be fine for some things (the weeds in your lawn will still be there next weekend), it’s not for this.
September 24, 2020
As technological innovation continues to reshape the payments industry, APIs are becoming a prominent feature of the landscape. But as APIs become a facet in the payments industry, so does the need for API standardization and common practices. Such a framework is necessary for innovation and growth to continue at a quick pace.
September 21, 2020
Some things in life seem destined to be complicated. Assembling furniture from Ikea? Complicated. Deciphering your cellphone bill? Complicated. The list goes on. One thing, however, that’s definitely not on that list is Direct Deposit. In fact, starting Direct Deposit is quite easy, whether it’s for payroll, benefits, expenses, refunds, or any other payments you receive. And once it’s set up, you’re done.
September 20, 2020
New Campaign Highlights the Success of Delivering EIP Payments As the coronavirus pandemic raged across the country, the U.S. government turned to Direct Deposit to deliver millions of economic impact payments (EIPs) to Americans. On April 15, exactly as the IRS instructed, 81 million Americans woke up to find their stimulus payments safely in their bank accounts thanks to Direct Deposit. Ultimately, the IRS would authorize 120 million payments via Direct Deposit.