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November 6, 2020
There’s a “Seinfeld” episode where Jerry gets hundreds of checks—each for 12 cents—as residuals for appearing on the “Super Terrific Happy Hour,” and winds up with writer’s cramp from endorsing them. The good news now is that whenever that episode—or any other “Seinfeld” episode—plays on TV, the…
Direct Deposit
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
October 29, 2020
Direct Deposit is one of those things that’s easy to take for granted. Yet, like clockwork, it delivers employees' salaries each payday, as well as Social Security and veterans’ benefits.
In fact, an American Payroll Association survey of more than 37,000 consumers found that 94% of…
ACH, ACH Network, Direct Deposit, Direct Payment via ACH
October 19, 2020
ACH Operations Bulletin #7-2020 Nacha Provides Update on COVID-19 Relief and Upcoming Effective Dates
Approximately six months ago, Nacha issued several ACH Operations Bulletins and Frequently Asked Questions announcing relief from a variety of requirements of the Nacha Operating Rules due to the impact of the coronavirus pandemic. This ACH Operations Bulletin provides an update on…
ACH, ACH Network, ACH Operations, Operations Bulletin
October 9, 2020
In a recent interview with PaymentsJournal, Nacha’s Jane Larimer discusses how the ACH Network delivered stimulus payments on time.
As part of the CARES Act, by the end of August, the government had distributed $270 billion in funds in stimulus payments. However…
ACH, ACH Network, Advocacy, Direct Deposit, Direct Payment via ACH
October 2, 2020
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 ACH payments easier to use for the country’…
ACH, ACH Network, NACHA Operating Rules, Risk & Compliance, Risk Management
September 30, 2020
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 the deadline for financial institutions…
ACH, ACH Network
September 28, 2020
Meeting Details
The Payments Innovation Alliance will meet virtually for its fall member meeting on Nov. 4-6, 2020. Register Today to reserve your spot!
SCHEDULE
Launch Party - Oct. 29th - 2:00-3:00 pm ET (see details below)
Alliance Meeting - Nov. 4-6 (Agenda)…
ACH, Faster Payments, Innovation, Membership
September 22, 2020
ACH Can Help Transit
American consumers and businesses make tens of billions of payments directly from their bank accounts each year using ACH. Most transit agencies operate on tight budgets, and with COVID-19 causing huge drops in ridership (and fare collections), every dollar counts more than…
ACH, Direct Deposit, Direct Payment via ACH
September 20, 2020
New Campaign Highlights the Success of Delivering EIP Payments
As the coronavirus pandemic raged across the country, the U.S. government turned to Direct Deposit to deliver millions of stimulus payments to Americans. On April 15, exactly as the IRS instructed, 81 million Americans woke up to…
ACH, Direct Deposit, Direct Payment via ACH