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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 …
IRS Will Provide Funding for Tens of Millions by Direct Deposit Effective Wednesday, March 17 Updated March 15, 2021: The IRS announced that the settlement date for the initial wave of tens of millions of economic impact payments by Direct Deposit will be …
Nacha has approved Nacha Certified status for Bill.com (NYSE: BILL), a leading cloud-based software platform which facilitates ACH payments. Nacha Certified is a voluntary program for Third-Party Senders in the ACH Network, such as Bill.com. By meeting …
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 …
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 …
Nacha today announced its 2022 Board of Directors. These Board members are all senior executives representing different sizes and types of financial institutions that utilize the ACH Network and who bring diversity in thought, experience and perspective …
Contact: Media Relations The modern ACH Network experienced significant growth in 2021, with 29.1 billion payments valued at $72.6 trillion, and Same Day ACH payment volume grew nearly 74%, new figures from Nacha show. ACH Network payment volume was up …