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.

Featured News

Nacha Introduces the Nacha Corporate Experience

The Nacha Corporate Experience Combines Standards and Technology to Deliver a More Efficient Payments Experience for Today’s Businesses 

ORLANDO, Fla., May 6, 2019 – Today, Nacha introduces the Nacha Corporate Experience, a new way of demonstrating how businesses can more effectively exchange payments and information.

ACH Network Sees Highest Quarterly Growth in 11 Years

Same Day ACH Volume Jumps 46%

HERNDON, Va., July 11, 2019 – The ACH Network saw its highest quarterly growth rate in more than a decade during the second quarter of 2019.

Volume rose 7.7% over the same period in 2018, marking the ACH Network’s biggest quarterly increase since the third quarter of 2008, as measured on a processing-day basis.

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House Working Toward Cannabis Banking Relief

March 29, 2019
The House of Representatives is inching closer to voting on a banking cannabis business relief bill after the Financial Services Committee voted to move the bill out of committee to a full House vote.
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CFPB Reinstates Community Bank & Credit Union Advisory Groups

March 28, 2019
The Consumer Financial Protection Bureau, reversing a controversial decision by the previous intern director, Mick Mulvaney, has taken steps to restore the influence of several advisory panels that were sidelined last year.
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Nacha Releases Top 50 Rankings of ACH Originating and Receiving Financial Institutions; Updated Figures Show 2018 Total Volume of 27 Billion ACH Payments

March 28, 2019
HERNDON, Va., March 28, 2019 – Nacha today released its Top 50 rankings of originators and receivers of ACH payments for 2018.  The Top 50 originating financial institutions accounted for volume of more than 19.7 billion ACH payments, an increase of almost 7 percent from 2017. Nearly 93 percent of ACH Network commercial origination volume is attributable to these financial institutions.  On the receiving side, the Top 50 financial institutions accounted for volume of over 13.5 billion ACH payments, up nearly 8 percent from 2017.
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Nacha’s Payments Innovation Alliance Releases Faster Payments Primer for Financial Institutions

March 20, 2019
The Faster Payments 101 tool is designed to help small- to mid-sized financial institutions understand the faster payments options in the marketplace HERNDON, Va., March 20, 2019 – Today, Nacha and its Payments Innovation Alliance released Faster Payments 101, an educational primer designed to impart foundational understanding of faster payments and the momentum behind its adoption in the U.S.  Faster Payments 101 is an updated version of the Introduction to Faster Payments in the U.S., an industry resource developed by Nacha and its Regional Payments Association member organizations in 2017
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Nacha Government Relations Update – March 21, 2019

March 19, 2019
Nacha Files Comments on CFPB Payday Lending Rulemaking The purpose of the CFPB request was to propose a delay to the effective date of the mandatory underwriting provisions of the regulation promulgated by the CFPB in November 2017 governing Payday, Vehicle Title, and Certain High-Cost Installment Loans (the “Final Rule”). The Final Rule also contained a set of requirements and limitations with respect to attempts to withdraw payments from consumers’ checking or other accounts in connection with specific loan types (the “Payment Provisions”).
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Nacha Files Comments on CFPB Payday Lending Rulemaking

March 13, 2019
The purpose of the CFPB request was to propose a delay to the effective date of the mandatory underwriting provisions of the regulation promulgated by the CFPB in November 2017 governing Payday, Vehicle Title, and Certain High-Cost Installment Loans (the “Final Rule”). The Final Rule also contained a set of requirements and limitations with respect to attempts to withdraw payments from consumers’ checking or other accounts in connection with specific loan types (the “Payment Provisions”).
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ACH Operations Bulletin #2-2019: Effective Date of New Same Day ACH Window Deferred by Six Months

March 12, 2019
The effective date of the new Same Day ACH processing window is deferred by 6 months until March 19, 2021. The Federal Reserve Board of Governors (“Fed Board”) has informed Nacha that it will not be able to provide timely notification of its approval for Federal Reserve services necessary to enable the new window by the deadline provided for in the rule.
Operations Bulletin

ACH Network Marks a Daily Volume Record of 100 Million Payments

March 12, 2019
HERNDON, Va., March 12, 2019 – The ACH Network set a record in February as volume exceeded 100 million ACH payments per banking day—an increase of 7.2 percent over February 2018. In each year there were 19 banking days in the month. Total Network volume last month exceeded 1.9 billion payments. “February’s record-setting performance is further proof of the vibrancy of the ACH Network and that it is a vital part of America’s economic engine,” said Nacha Chief Operating Officer Jane Larimer.
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