DEADLINE for initial registration is March 1, 2018.
This rule requires Originating Depository Financial Institutions (ODFIs) to identify and register their Third-Party Sender customers. The registration process promotes consistent customer due diligence among all ODFIs, and serves as a tool to support NACHA’s continuing efforts to maintain ACH Network quality.
Each year, members of NACHA's Government Relations Advisory Group (GRAG), which include leaders from large and small financial institutions and Regional Payments Associations from across the country, meet with Congressional representatives and staff to continue education on the ACH Network, ACH payments and the NACHA Operating Rules.
In 2015, ACH transaction volume grew to more than 24 billion electronic payments, the second consecutive year in which ACH payments grew by more than 1 billion.NACHA also announces the largest originators & receivers of ACH payments for 2015.