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EXECUTIVE SUMMARY The March 19, 2021 effective date for the new Same Day ACH processing window is confirmed. DISCUSSION Nacha Rules Ballot #1-2018, Expanding Access to Same Day ACH, provided for the creation of a third, daily Same Day ACH processing …
On March 18, 2022, the per payment limit for Same Day ACH payments climbs to $1 million. This Nacha guidance document will help you prepare. Download …
When COVID-19 forced much of the world into lockdown it was unchartered territory for many, including Nacha Consulting , formerly Elevation Consulting. As it turns out, we’ve been busy in recent months, and noticed a common thread among our clients: they …
Nacha has approved eight new amendments to the Nacha Operating Rules governing the use of ACH payments. Many of the changes reflect a long-term strategy to modernize the ACH system, both through infrastructure improvements such as Same Day ACH; and making …
This time, it’s not optional. On July 1, 2020, the ACH Contact Registry opens for business. Unlike the existing voluntary contact database, participation is mandatory. A new Nacha Operating Rule requires all financial institutions using the ACH Network …
It doesn’t seem that long ago we sent out an email heralding the launch of the ACH Contact Registry. Now we’re at the point where the ACH Contact Registry has been open three months, with another very important milestone literally days away. October 30 is …
1. Help Yourself. Someday you’re going to need to find the right person at another financial institution to help you. Registering promptly for the ACH Contact Registry gives you access to all the other FI contacts that have registered. 2. Help Others. …
ORLANDO, Fla.— Jane Larimer never tires of telling people “the ACH Network is thriving” and for good reason: “Because it is.” Even as new payment methods emerge, Larimer believes ACH will have a place at the table. “There’s room and opportunity for all …
ORLANDO, Fla.— ACH is, and will remain, a vital part of the nation’s payment system, a senior Federal Reserve official told a Nacha conference. “We still expect the ACH Network to continue to be part of the backbone of the U.S. payment system. At the …