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Season 2, Episode 1: Nacha’s Phixius Service: Meeting Customers’ Account Validation Needs Nacha Rules now require ACH users to include account validation within a commercially reasonably fraudulent transaction detection system for the first use of new …
Contact: Media Relations Today, Nacha released the following statement by President and CEO Jane Larimer on the December 2021 update to the Federal Reserve Payments Study : “The latest update to the Federal Reserve Payments Study highlights the importance …
Treasury and finance payments practitioners and payroll professionals at corporations, larger businesses and governmental organizations (federal, state and local) are big users of ACH payments—from paying bills and employees, to receiving payments for the …
The one-year anniversary of Same Day ACH’s $1 million limit is March 18. The higher per-payment limit was in effect for more than nine months of 2022, and the results for all of last year speak volumes (and value). The 697.5 million Same Day ACH payments …
As the pandemic winds down, both consumers and merchants are beginning to figure out what the “new normal” will be. This is especially true for the way they interact with money. People are paying at the register with their phones, and merchants are …
In just five short years, Same Day ACH – Nacha’s faster payments solution – has gained remarkable traction, with the payments community putting it to work in several use cases. In a recent podcast interview with PaymentsJournal, Nacha’s Michael Herd …
The third window for submitting Same Day ACH payments to the ACH Network has quickly gained acceptance among financial institutions, according to new survey results conducted by Nacha and its Risk Management Advisory Group (RMAG). The extension of Same …
Same Day ACH payments will be further enhanced with a new $1 million per transaction limit. Nacha members approved a measure to increase the per-payment maximum from the current $100,000 to $1 million effective March 18, 2022. It will apply to all …
HERNDON, Virginia , April 17, 2023 – The ACH Network began 2023 with solid growth in the first quarter, particularly in Same Day ACH where payment dollar values nearly doubled from a year earlier. A total of 7.7 billion payments valued at $19.7 trillion …