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ORLANDO, Fla.— ACH is, and will remain, a vital part of the nation’s payment system, a senior Federal Reserve official told a Nacha conference. “We still expect the ACH Network to continue to be part of the backbone of the U.S. payment system. At the …
Unprecedented is a good word to describe what we’ve been living through in recent weeks. The challenges facing Americans are unlike anything in recent memory. For so many who find themselves in financial trouble, federal stimulus money can’t come fast …
Few things are certain in life, but an upcoming change to the Nacha Operating Rules should make the timing of warranty claims more certain, especially for businesses and other organizations that originate ACH payments. A new Limitation on Warranty Claims …
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 …
While there’s an overwhelming desire to return to pre-pandemic life, some changes to the payments landscape are likely permanent—and that’s a good thing. “Every payment type across the board that logically made sense has seen increases in ACH and I don’t …
Odds are you’ve been working from home a lot recently, and every so often there’s probably something you need at the office. Maybe it’s the printer for the jumbo spreadsheet, or the double monitor setup at your desk. At the same time, there may be …
Weeks turned into months, as houses of worship remained shut by the coronavirus pandemic. In some places, they’re beginning to reopen, but many people do not want to venture back yet. And all the while, donations are often lagging, as one Sunday after …
A couple weeks ago, I wrote to inform you that the ACH Network was ready to handle the federal government’s Economic Impact Payments. This has proven to be true, as our ACH Operators and banks and credit unions of all types and sizes have delivered the …
There’s no shortage of adjectives to describe the ACH Network, though Alex Romeo used a term you’re more likely to see on an item at Home Depot. “Quite frankly, it is industrial strength,” said Romeo, Vice President and Product Manager for the Electronic …