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The Payments Innovation Alliance, along with Nacha and the Payments Associations, are on track to launch the first Faster Payments Professional Certificate in 2022. The FPP will allow payments professionals to demonstrate proficiency in the field of …
Direct Deposit is one of those things that’s easy to take for granted. Yet, like clockwork, it delivers employees' salaries each payday, as well as Social Security and veterans’ benefits. In fact, a 2022 American Payroll Association survey of some 29,000 …
Top Ways the ACH Network Can Help Consumers, Businesses and Government During the National Emergency
During the current national emergency, the ACH Network is operating normally to process payments for consumers, businesses, and government agencies. There are many impacts to daily life and business operations due to the practice of social distancing and …
Like 8-track tapes and white disco suits, Appendix 8 of the Nacha Operating Rules has faded into history. Many were using it as a guide for ACH audits, which Nacha acknowledged in the title of its recent webinar, “Curing the Appendicitis After Removing …
This time, it’s not optional. On July 1, 2020, the ACH Contact Registry opens for business. Unlike the existing voluntary contact database, participation is mandatory. A new Nacha Operating Rule requires all financial institutions using the ACH Network …
Payments fraud “remains rare” in the U.S., with ACH payments having the lowest fraud rate by value, a new Federal Reserve study found. “Changes in U.S. Payments Fraud from 2012 to 2016: Evidence from the Federal Reserve Payments Study,” released late in …
HERNDON, Va. , March 12, 2019 – The ACH Network set a record in February as volume exceeded 100 million ACH payments per banking day—an increase of 7.2 percent over February 2018. In each year there were 19 banking days in the month. Total Network volume …
Mercator Advisory Group recently held a webinar to further discuss the findings of its new white paper titled “The Expanding Role of ACH in the Era of Faster Payments.” Michael Herd, Nacha’s Senior Vice President of ACH Network Administration, and Sarah …
In a recent interview with PaymentsJournal, Nacha’s Jane Larimer discusses how the ACH Network delivered stimulus payments on time. As part of the CARES Act, by the end of August, the government had distributed $270 billion in funds in stimulus …