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If it’s been a while since you visited Nacha’s Resource Center for Corporates you should take a look. There’s a lot there you and your customers can use. At the top you’ll immediately spot two new videos, one on how the Nacha Operating Rules are made and …
A new Nacha Rule that’s been in effect for just over a year is proving to be quite successful. The rule repurposed an existing, little-used return reason code—R11—to be used when an RDFI’s customer claims that there was an error with an otherwise …
One basic tenet of the Nacha Operating Rules is that an Originating Depository Financial Institution (ODFI) assumes responsibility for many warranties and indemnifications to each Receiving Depository Financial Institution (RDFI) and ACH Operator. Until …
You’ve got questions. We’ve got answers. Lots of answers. Four new Nacha Operating Rules take effect later this year, and your preparations should be underway. But questions are inevitable and Nacha is here to help. On June 30, 2021, three of the new …
Same Day ACH Volume Climbs 90.7%, Passes 1 Billion Milestone Note: The Same Day ACH numbers were updated Aug. 30, 2021, to reflect additional volume identified by an Operator. The modern ACH Network saw volume soar in the first quarter of 2021, setting …
Supplementing Fraud Detection Standards for WEB Debits As the ACH Network grows, part of that growth can be attributed to an increase in consumer payments made via the internet and mobile devices. With that growth comes a need to ensure account …
ACH Network Volume Up 7.7% in Third Quarter; Strong B2B Growth Continues as Healthcare Claims Pass 100M Mark
Contact: Media Relations With business-to-business (B2B) showing particularly strong growth, and healthcare claim payments setting a record, the modern ACH Network recorded a 7.7% increase in payment volume during the third quarter of 2021. There were …
ACH Network Volume Rises 6.1% in Fourth Quarter of 2021 as Healthcare Claim Payments and B2B Lead the Way
Contact: Media Relations Buoyed by strong gains in the healthcare and business-to-business sectors as well as Same Day ACH payments, ACH Network payment volume grew 6.1% during the fourth quarter of 2021. There were 7.5 billion ACH payments in the final …
Changes are coming to the way ACH Network participants use Micro-Entries following approval of a new Nacha Rule —one you should be looking to adopt even before it takes effect. “We know Micro-Entries happen in the ACH Network and they’re a good tool for …