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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January 10, 2012
FOR IMMEDIATE RELEASE    Contact:     Nacha   703-561-3952 media@nacha.orgHERNDON, Va., January 10, 2012 – Nacha – The Electronic Payments Association announces the election of chairpersons for three of its councils – The Internet Council (TIC), Council for Electronic Billing and Payment (CEBP), and Electronic Check Council (ECC) – for the 2012-2014 term.
September 20, 2010
This ACH Operations Bulletin provides guidance to Participating DFIs on their obligations for the timely processing of International ACH Transactions (IAT), and the application of the rule provision on the “Effect of Illegality.”[1]
July 2, 2010
This ACH Operations Bulletin provides guidance to ACH Network participants, particularly Receiving Depository Financial Institutions, on the application of the Federal Reserve Board’s recent amendments to Regulation E on overdrafts to a specific class of ACH transactions.[1]
March 29, 2010
All ODFIs must register their Direct Access status with Nacha no later than June 18, 2010. ODFIs that have already registered their Direct Access status with Nacha do not have to register again unless their Direct Access status changes.
December 2, 2009
This ACH Operations Bulletin provides information to Participating Depository Financial Institutions about “corporate account takeover” – a specific type of cyber-crime that is targeting small- and medium-sized business customers of financial institutions.
April 7, 2009
ORLANDO, Fla. – April 7, 2009 – Nacha – The Electronic Payments Association awarded its 2009 Kevin O’Brien ACH Quality Award to Wells Fargo & Company (NYSE: WFC) for its leadership and contributions to advancing ACH Network quality. Laura Lee Orcutt, Wells Fargo senior vice president and electronic payments group product manager, will accept the award today on behalf of Wells Fargo during Nacha’s PAYMENTS 2009 conference in Orlando, Fla.
January 12, 2009
This ACH Operations Bulletin describes the obligations of participants in the ACH Network under a new regulation implementing the Unlawful Internet Gambling Enforcement Act, which were issued on November 12, 2008 by the Federal Reserve Board and the U.S. Department of the Treasury (the “Regulation”). 
September 22, 2008
This policy addresses the importance of Originating Depository Financial Institutions (ODFIs) registering with Nacha their direct access relationships for ACH debit transactions, and following prudent risk management techniques including adherence to best practices for the duration of these relationships.
August 1, 2008
The effective date of Nacha’s Rules Interpretation (“Interpretation”) on the Proper Use of SEC Codes and the Aggregation of Transactions (see ACH Operations Bulletin, November 9, 2007) is extended to August 4, 2008.
July 31, 2008
Nacha’s Board of Directors has extended the effective date of the International ACH Transaction (IAT) rules and formats for six months, to September 18, 2009.
July 30, 2008
This policy addresses the importance of DFIs registering their direct access relationships with Nacha and following prudent risk mitigation techniques, including adherence to best practices, for the duration of these relationships.
May 20, 2008
LAS VEGAS—May 20, 2008— Nacha—The Electronic Payments Association announced today that Synovus Financial Corporation has been awarded its 2008 George Mitchell Payments Systems Excellence Award. Garry Hedges, director of planning and payments strategy, will accept the award on behalf of Synovus Financial Corporation at Nacha's PAYMENTS 2008 conference in Las Vegas.   Synovus, operating 37 separate banks across the Southeast, is a leading technology innovator in check imaging, mobile payments and alternative payments.