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Despite Concerns Over Mail Delivery, Overwhelming Majority of Federal Government Payments Continue to be Made On Time
More than 97% of Recipients of Social Security and Veterans Benefits Rely on Direct Deposit HERNDON, Va., August 19 , 2020 – In recent days, significant concerns have been raised over the delivery of payments from the Social Security Administration and …
Doctors are increasingly making the switch to receive electronic claim payments, but for dentists it’s like pulling teeth. The new 2019 CAQH Index , released Jan. 21, estimates that 70% of medical claim payments were made electronically last year. That’s …
HERNDON, Va. , May 26, 2021 – As the COVID-19 pandemic begins to subside, healthcare claim payments are on the rise. Figures from Nacha, which governs the ACH Network, show nearly 37.4 million healthcare claim payments were made to providers by ACH in …
NASHVILLE, Tennessee —The financial industry looks a lot different than when the Federal Reserve opened for business in 1914, and changes keep coming. That has the Fed rethinking some of the ways it operates. “Like many of you we’re watching the payments …
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 …
Same Day ACH Volume Grew 192 Percent Over Same Period Last Year HERNDON, Va. , Nov. 1, 2018 – The number of ACH payments totaled more than 5.6 billion in the third quarter of 2018, a 6.7 percent increase over Q3 2017, according to Nacha. The ACH Network’s …
Your dentist likely isn’t shy about telling you to floss more. And Nacha’s latest campaign with the American Dental Association (ADA) isn’t shy about encouraging dentists to switch to fully electronic claim payments. “Dental practices are leaving a lot of …
[Podcast] The ACH Network is Not Just Payroll and B2B Transactions. It’s Branching Into New Segments, Too
Many are familiar with the ACH Network, which last year electronically moved 24.7 billion payments valued at nearly $56 trillion between accounts at different financial institutions for payments including large B2B transactions or payroll direct deposit. …
While ACH is as easy as ABC in the payments world, not everyone knows about the benefits of using electronic payments. That’s where Nacha’s Industry Verticals team comes in. “Mention Direct Deposit and the light bulb comes on, but ACH is a whole lot more, …