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ACH Operations Bulletin #1-2022: COVID-Related Relief from Certain Nacha Operating Rule Provisions Will Expire on October 1, 2022
Summary In 2020, Nacha provided relief from certain provisions of the Nacha Operating Rules due to impacts of the Coronavirus pandemic. This relief generally took the form of a policy of non-enforcement of these provisions and the effective dates of some …
ACH Operations Bulletin #2-2022: Additional Late Night ACH File Deliveries to Start in September 2022
Beginning in mid-September 2022, the ACH Operators - the Federal Reserve and The Clearing House - will implement additional late-night deliveries of ACH files to all Receiving Depository Financial Institutions (RDFIs). Both ACH Operators will …
The ACH Network continued growing in the final quarter of 2022. Payment volume totaled 7.6 billion, up 2.3% from the fourth quarter of 2021. The value of those payments, $19.4 trillion, is a 3% rise. Use of Same Day ACH remained solid following the March …
Between inflation, market swings, crypto issues and more, the U.S. has weathered an uncertain economic situation in 2022. One bright spot: the modern ACH Network, which has continued growing despite some of the setbacks the economy has seen. Look at the …
Teressa Frazier and her finance team had a routine. Immediately after worship service every Sunday at Victory Grace Center, they would walk around handing out envelopes containing pay checks to church staff and contractors. But that was before COVID-19 …
MIAMI BEACH, Fla. —Records are made to be broken, and that’s especially true when it comes to ACH. Both standard ACH and Same Day ACH are seeing tremendous growth. Where the latter is concerned, “About every three or four months we hit a new peak record,” …
Part Two. Read Part One . When you look at the costs for businesses to make and receive payments it can be a real eye-opener. A new report from the Association for Financial Professionals (AFP) highlights the disparities between the costs of ACH and check …
Summary The effective date of recently adopted rules language requiring an RDFI to notify the ODFI of the status of a request for return within 10 banking days has been extended by 6 months to April 1, 2025. In addition, two upcoming rules have effective …
Summary In 2023, Nacha issued a Request for Comment on a proposal to standardize the use of the Individual Name field in consumer ACH Entries. While the proposal did not move forward to ballot, Nacha recommends that Originators and their Third-Party …