ACH frees up time, money and energy so nonprofits can focus on what really matters: their mission.  In creating a new ACH toolkit for nonprofits, Nacha undertook research to see what resonated with donor coordinators and donors. The goal was to ensure the language we use assists nonprofits in their efforts to accept ACH donations.

In the upcoming weeks, there are important implementation dates and deadlines for ACH Network participants to be aware of. Three upcoming Rules go into effect June 30, while feedback to a Request for Comment are due July 1 and to a Request for Information are due July 16.

With the economic slowdown that resulted from the pandemic, the Nacha Risk Management Advisory Group (RMAG) updated its recommendations for ODFIs on sound business practice on exposure risk management. 

The new Warranty Claims Rule taking effect June 30 establishes specific time periods for RDFIs to make claims based on unauthorized entries and brings the ACH Network in line with other payment systems that have time limits.

Happy Remote Connect Day! Today marks 75 days until Nacha’s Smarter Faster Payments Remote Connect gets underway. The fact that Remote Connect offers the best in payments education is reason itself to celebrate, but Nacha is going one better.