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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Nacha’s API Standardization: A Necessary Undertaking

July 23, 2019
Nacha is leading the industry effort on API standardization. To accomplish this objective, Nacha supports Afinis Interoperability Standards, a membership-based governance organization that brings together diverse collaborators to develop implementable, interoperable, and portable financial services standards.
Blog

Healthcare and Dental EFT/ACH Claim Payments Continue to Grow

July 23, 2019
Nacha continues to work diligently with key partners in both the Healthcare and Dental industries. Second quarter 2019 Healthcare EFT transactions via ACH were up 9.4 million over the same quarter in 2018, which is a 12.8% increase.
Article

Why it Pays for Nonprofits to Encourage ACH/EFT Donations

July 18, 2019
It’s a nonprofit no-brainer: Encourage recurring donations through ACH/EFT.  “Those organizations that have been doing this, that started with EFT early on, they get it,” said Erica Waasdorp, founder and president of the fundraising consulting firm A Direct Solution, and author of “Monthly Giving. The Sleeping Giant.” She works with organizations of all sizes, but focuses on small donors—generally $250 or less—with an emphasis on monthly giving.  At a recent fundraising conference, Waasdorp’s co-presenter told her that 18% of her organization’s sustainers give by direct debit.
Blog

ACH Network Sees Highest Quarterly Growth in 11 Years

July 11, 2019
The ACH Network saw its highest quarterly growth rate in more than a decade during the second quarter of 2019, as volume climbed 7.7% over the same period in 2018. Same Day ACH volume rose 46%.
Press Release

Sullivan Addresses the Fintech & Payments Caucus Congressional Staff

July 10, 2019
On July 9, 2019, Nacha’s Bill Sullivan, representing the ACH Network, was a panelist along with ICBA, The Clearing House and Financial Innovation Now (FIN) for a Congressional staff briefing on the Federal Reserve’s role in faster payments.
Government Affairs Updates

Nacha Government Relations Update – July 11, 2019

July 9, 2019
Nacha's Government Relations update provides insight on policy matters at the federal and state level that could impact the ACH Network. In this edition: Sullivan Addresses the Fintech & Payments Caucus Congressional Staff; SCOTUS Rules to Uphold Precedent Regarding Federal Regulators’ Strength of Power; and more.
Government Affairs Updates

23 States Now Joined in Multi-state Licensing Agreement for Money Services Businesses

July 9, 2019
On Jun 24, 2019 the Conference of State Bank Supervisors announced that a current total of 23 states have now joined a multi-state licensing agreement standardizing processes for non-bank money services businesses (MSBs), including fintech companies, with California and North Carolina being among the most recent to join.
Government Affairs Updates

SCOTUS Rules to Uphold Precedent Regarding Federal Regulators’ Strength of Power

July 9, 2019
On June 26, 2019, the U.S. Supreme Court issued a decision on Kisor v. Wilkie, ruling to uphold the controversial legal precedent known as “Auer deference,” under which courts defer to federal regulators’ own (and reasonable) interpretations of the agencies’ rules when regulations are ambiguous.
Government Affairs Updates

Nacha Summer Membership Drive

July 8, 2019
Summer is heating up! Nacha is offering cool savings on its Affiliate Program or the Payments Innovation Alliance now through Aug. 31.
Announcement

Extended Hours for Same Day ACH: The Time Has Come

July 5, 2019
Triple digit growth in a single year shows you’re on to something. Such is the case with Same Day ACH. Since its 2016 debut, businesses small and large, financial institutions from Main Street to Wall Street, and consumers have embraced the benefits of Same Day ACH. Volume jumped 137% from 2017 to 2018, with nearly 178 million transactions last year.  But it’s still a work in progress. In fact, we have an enhancement coming in September, making funds available sooner in the day for many ACH credits.
Blog