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LAS VEGAS, April 19, 2023 – Nacha announced its 2023 Pay-Me Award Honorees during the Payments Connection Ceremony at its annual Smarter Faster Payments Conference. These movie-themed awards recognize some of the innovative solution providers that help …
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 …
Contact: Media Relations Robust growth continued for the modern ACH Network in the second quarter of 2021. Payment volume climbed 9.9%, with particularly strong growth in business-to-business (B2B) payments. The ACH Network processed 7.3 billion payments …
Nacha Marks Fifth Anniversary Since Inception of Same Day ACH With Same Day ACH about to mark its fifth anniversary, new figures from Nacha show astounding growth for this faster payment method. In the second quarter of 2021, Same Day ACH payment volume …
Contact: Media Relations Nacha Launches DirectDepositDelivers.org Every day, U.S. government agencies rely on the ACH Network to distribute critical payments because it is safe, secure and reliable. While the government has a history of using Direct …
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 …
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 …
Today, the U.S. Internal Revenue Service (IRS) sent over 430,000 Advance Child Tax Credit (ACTC) payments by Same Day ACH to quickly and securely reach the majority of families that had received ACTC payments in July and August but didn’t receive their …
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 …