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Nacha and many Payment Associations provided comments on the notice of proposed rulemaking (the “Proposed Rule”) regarding the Federal Government Participation in the Automated Clearing House (“ACH”). The letter strongly supports the Fiscal Service’s …
HERNDON, Virginia, May 31, 2022 – Nacha announced today the addition of Evolve Bank & Trust as a Nacha Direct Financial Institution Member. Nacha now has 44 Direct Members , consisting of financial institutions and Payments Associations (PAs) that …
Gateway for On-Demand Payments Education HERNDON, Virginia, Oct. 13, 2022 – Today, Nacha announced the launch of PaymentsIQ by Nacha . This user-friendly online resource allows payments professionals to access more than 100 on-demand courses on topics …
HERNDON, Virginia, Dec.13, 2022 – Nacha's Phixius service announced today that financial institutions and service providers have processed more than 2 million payment-related transactions on the platform this year. Phixius provides for the exchange of …
HERNDON, Virginia, Nov.8, 2022 – Socure is now a Nacha Preferred Partner for Compliance/Risk and Fraud Prevention. In becoming a Preferred Partner, Socure joins a select group of innovators recognized for offering products and services that align with …
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 …
The comments are designed to help Treasury create a report on the future of money and payment systems that was requested in President Biden’s Digital Asset Executive Order on March 9, 2022. The comments reiterated Nacha’s position that digital assets …
On Feb. 21, 2020, Nacha filed a comment letter t o the Securities and Exchange Commission (SEC) in response to the notice and request for comment regarding Fee Payment Modernization. The SEC requested comment on their proposal to eliminate payment by …
Nacha provided comments on the notice of proposed rulemaking (the “Proposed Rule”) regarding Federal Government participation in the Automated Clearing House (“ACH”). Title 31 CFR Part 210 (“Part 210”) governs the use of the ACH Network by Federal …