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.

762 results

Nacha Government Relations Update – March 7, 2019

March 6, 2019
Nacha’s Best Places to Work Award Recognized in Congress Nacha’s 2019 Best Places to Work in Virginia award has been acknowledged by the U.S. House of Representatives in a Congressional Proclamation introduced by Nacha’s home district Representative, Gerald E. Connolly (D-Va.) and will appear in this week’s Congressional Record. Nacha’s accomplishment has now been recognized by the U.S. Senate, the U.S.
Article

Nacha’s Best Places to Work Award Recognized in Congress

March 6, 2019
Nacha’s 2019 Best Places to Work in Virginia award has been acknowledged in a Congressional Proclamation introduced by Nacha’s home district Representative, Gerald E. Connolly (D-Va.) and will appear in this week’s Congressional Record. Nacha’s accomplishment has now been recognized by the U.S. Senate, the U.S. House of Representatives and the Virginia General Assembly. Click here to view the Congressional Proclamation. Click here to view the Virginia General Assembly Joint Resolution
Article

Same Day ACH Helps Payroll at Companies Big, Small

March 5, 2019
In the March 2019 issue of the American Payroll Association's PAYTECH magazine, Nacha authored an article about how Same Day ACH is helping businesses of all sizes. We appreciate APA allowing us to reprint the article, which is available as a PDF.
Article

Same Day ACH Helps Payroll at Companies Big, Small

March 5, 2019
In the March 2019 issue of the American Payroll Association's PAYTECH magazine, Nacha authored an article about how Same Day ACH is helping businesses of all sizes. We appreciate APA allowing us to reprint the article, which is available as a PDF.
Blog

Nacha Meets with Congressional Leadership

February 21, 2019
Nacha’s Government Relations team has been busy meeting with new committee staff members on both The House Financial Services Committee and Senate Banking Committee to advocate for the ACH Network and discuss 2018 network growth for both Same Day ACH and traditional ACH. In addition to the ACH-specific advocacy, discussions were held on APIs and the need for a business payments directory. Outreach will continue throughout the spring and will culminate with Capitol Hill Day in June.
Article

Nacha Government Relations Update – Feb. 21, 2019

February 19, 2019
Nacha Meets with Congressional Leadership Nacha’s Government Relations team has been busy meeting with new committee staff members on both The House Financial Services Committee and Senate Banking Committee to advocate for the ACH Network and discuss 2018 network growth for both Same Day ACH and traditional ACH. In addition to the ACH-specific advocacy, discussions were held on APIs and the need for a business payments directory.
Article

CFPB Issues Rulemaking Proposals Favorable for Payday Lenders

February 19, 2019
On Feb. 6, 2019, the Consumer Financial Protection Bureau (CFPB) proposed to rescind portions of its 2017 final rule regarding “Payday, Vehicle Title, and Certain High-Cost Installment Loans”, in particular doing away with the current requirements for underwriting determinations that would ensure offered loans are within what the borrowing applicants can afford.
Article

ACH Network Moves 23 Billion Payments and $51 Trillion in 2018

February 19, 2019
HERNDON, Va., February 19, 2019 – 2018 was a milestone year for the ACH Network. Payment volume climbed by almost 1.5 billion payments, the fourth straight year the ACH Network has added more than 1 billion new payments.  ACH Network volume reached nearly 23 billion payments in 2018, a year-over-year increase of 6.9 percent and the highest growth rate since 2008. That’s nearly 70 payments for every person in the U.S. The value of ACH payments in 2018 was $51.2 trillion, a 9.5 percent increase over 2017.
Article

Cross-Border Collaboration is Key to Making Global Payments Work

February 19, 2019
You know how annoying it is when you go to another country and discover you can’t plug anything in because the electric outlets are different? The same thing happens today with some global payments, and the problem will intensify unless there’s international collaboration and greater standardization, two industry leaders stated.  “There are several versions now of ISO 20022 that are implemented in various different ways today.
Article

Taking Risks to Make a Career: Life Lessons from Successful Women in Payments

February 13, 2019
It’s a common phrase in the payments industry, but how often do you hear “risk management” used in reference to life?  Maybe not often enough.  At the recent Women in Payments USA 2019 Symposium I was honored to be part of a panel on “Navigating a Successful Career as a Woman in Payment/Fintech.” It quickly became clear that there’s nothing wrong with navigating into unchartered waters—if you’re willing to take risks. I have long believed that if you want to do something daring you have to be open to continuous learning, adaptable to change, and be willing to feel uncomfortable for a time.
Article

Taking Risks to Make a Career: Life Lessons from Successful Women in Payments

February 13, 2019
It’s a common phrase in the payments industry, but how often do you hear “risk management” used in reference to life?  Maybe not often enough.  At the recent Women in Payments USA 2019 Symposium I was honored to be part of a panel on “Navigating a Successful Career as a Woman in Payment/Fintech.” It quickly became clear that there’s nothing wrong with navigating into unchartered waters—if you’re willing to take risks. I have long believed that if you want to do something daring you have to be open to continuous learning, adaptable to change, and be willing to feel uncomfortable for a time.
Blog