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February 16, 2021
Editor’s note: This article kicks off a 2021 series of blog posts to help you put ACH to work in your organization. The next post addresses, “5 Reasons Why It’s Crazy for Businesses to Write Checks.”
If you’ve experienced the “joy” of having teenagers matriculating through middle and high school…
ACH
February 16, 2021
The third Same Day ACH processing and settlement window will take effect on Friday, March 19. As of that date, files of Same Day ACH payments may be submitted by an ODFI to its ACH Operator up to two hours later in the day. Are you ready?
Same Day ACH Resources
To prepare, Nacha wanted to…
ACH, ACH Network, Same Day ACH
January 6, 2021
Popular Blog Posts From 2020
While Rodgers’ and Hammerstein’s favorite things may have been raindrops on roses, whiskers on kittens and warm woolen mittens, for Nacha some of our favorite things include Direct Deposit and Split Deposit. Throughout 2020, we shared some of our favorite things in…
ACH, ACH Network, Consumers, Direct Deposit, Direct Payment via ACH
December 31, 2020
Updated January 4, 2021
Nacha has learned that the IRS is issuing a smaller number of economic impact payments (EIPs) by ACH than previously expected, although the total volume is still approximately 100 million. These payments have an effective date of Jan. 4, 2021. People that are…
ACH, ACH Network
December 29, 2020
Updated December 30, 2020
The IRS and the U.S. Treasury have confirmed that 113 million economic impact payments (EIPs) by ACH are being processed this week, with an effective date of Monday, Jan. 4, 2021. Under the Nacha Rules, RDFIs must make funds available by 9:00 a.m. (RDFI local time…
ACH, ACH Network, ACH Operations, Advocacy, Direct Deposit, Direct Payment via ACH
December 21, 2020
Nacha’s Payments Innovation Alliance Expands ACH Quick Start Tool for Small and Medium-Sized Businesses
The online educational tool has been updated to help businesses adopt ACH as their preferred payment method for B2B and B2C payments
Nacha and its Payments Innovation Alliance have expanded the ACH Quick Start Tool, an online educational resource designed to help small and medium-sized…
ACH, Innovation
December 21, 2020
Teressa Frazier and her finance team had a routine. Immediately after worship service every Sunday at Victory Grace Center, they would walk around handing out envelopes containing pay checks to church staff and contractors.
But that was before COVID-19 closed down in-person worship services.…
ACH
December 10, 2020
Like the rest of the world, when COVID-19 hit, Jeffrey and Grace Littlejohn were concerned. And like many small- and medium-sized businesses, their family-run residential electrical services company experienced a steep decline in March and April. But a few months later, business began to pick up…
ACH
December 9, 2020
Nacha is requesting comment on a proposal to increase the dollar limit for Same Day ACH payments.
Complete details, including the Rules Proposal Description, the Modifications to the Rules, the link to comment, and more can be found here.
We also invite you to watch our video:
ACH, ACH Network, Same Day ACH
November 4, 2020
Every hour of every day, in corners of the world near and far, the men and women of the United States armed forces are hard at work keeping us safe. That’s why it’s important to pause every Nov. 11—Veterans Day—to remember the sacrifices so many have made for the rest of us.
For active duty…
ACH, ACH Network, Consumers, Direct Deposit, Direct Payment via ACH