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Direct Deposit is one of those things that’s easy to take for granted. Yet, like clockwork, it delivers employees' pay as well as Social Security and veterans’ benefits. To help consumers better understand how it’s used every day, Nacha recently launched …
Nacha Announces Lyons Commercial Data as a Preferred Partner for Routing Number, and Account & Ownership Verification
Lyons Commercial Data is now a Nacha Preferred Partner for Routing Number, and Account and Ownership Verification. In becoming a Preferred Partner, Lyons Commercial Data joins a select group of innovators whose offerings align with Nacha’s strategies to …
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 …
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 …
Nacha Research Shows 97% of Workers Ages 22-34 Have a Bank Account and 88% of Them That Are W2 Workers Use Direct Deposit
New Ad Campaign Educates Gig Workers About Benefits of Direct Deposit HERNDON, Virginia, Oct.19, 2022 –A study commissioned by Nacha found the sizable majority of the nation’s younger millennials are paid by Direct Deposit but revealed a stark contrast …
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 …