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You want more ACH payments from your customers because ACH: Costs less than check and card payments; Requires less labor to process than checks and you can’t increase hires (or have to decrease head count); Clears quickly for improved cash flow; Provides …
If you’ve experienced the “joy” of having teenagers matriculating through middle and high school, you’ve no doubt heard the question, “Why do I have to take algebra?” I know with each darling little one of mine, I tried to articulate the importance of …
Payments-related regulatory guidance helps to ensure the security and efficient exchange of ACH transactions and other electronic payments. Regulatory bodies such as FinCEN, FFIEC, FDIC, OCC and others issue and update guidance regularly, and it is …
… When we find that partners in a particular industry or government sector need to exchange payments and information in a specialized way, we collaborate to figure out the best use of the ACH Network. Banking conventions, or the formats used to present …
ACH Operations Bulletin #3-2020: Nacha Provides Relief from Deadlines Related to Certain Required Records
In light of the current need for organizations to reduce on-site staffing levels, Nacha is providing temporary relief from deadlines for delivery of certain records that are required under the Nacha Rules. Under the Rules, an ODFI must provide an RDFI …
Consulting Services We know payments inside and out. At Nacha Consulting (formerly Elevation Consulting), our team brings expertise from across the payments spectrum to provide you best in class services. Learn more about our capabilities below or: …
Maintaining ACH Network Quality By requiring participants to comply with the Nacha Operating Rules and Guidelines , Nacha maintains a high-quality, secure ACH Network. It's essential that non-compliance issues be resolved fairly and efficiently to provide …
By Richard Oliver & George Warfel Jr. Publication Preview Written by experienced experts from both the private and the government sector, The Story of Payments: How The Industrialization of Trust Created the Modern Payments System tells the story of how …