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One of the many things the ACH Network prides itself on is being able to change with the times and remain a vital part of the nation’s payments infrastructure. A prime example of that flexibility is the adoption of a new series of Nacha Operating Rules …
Nacha Marks Fifth Anniversary Since Inception of Same Day ACH With Same Day ACH about to mark its fifth anniversary, new figures from Nacha show astounding growth for this faster payment method. In the second quarter of 2021, Same Day ACH payment volume …
New innovations often come and go. Electric typewriters and adding machines had their day. But some take hold and grow roots. Same Day ACH is a perfect example. When Same Day ACH got its start in 2016 it was for credits only. In the first six processing …
Nacha today released its Top 50 rankings of financial institution originators and receivers of ACH payments for 2020. The Top 50 originating financial institutions handled ACH volume of almost 23.1 billion payments last year, an increase of nearly 8.6% …
Same Day ACH payments will be further enhanced with a new $1 million per transaction limit. Nacha members approved a measure to increase the per-payment maximum from the current $100,000 to $1 million effective March 18, 2022. It will apply to all …
Same Day ACH Volume Climbs 90.7%, Passes 1 Billion Milestone Note: The Same Day ACH numbers were updated Aug. 30, 2021, to reflect additional volume identified by an Operator. The modern ACH Network saw volume soar in the first quarter of 2021, setting …
It’s anything but a quiet Friday at Nacha. There are some big changes taking effect today (March 19) at the ACH Network: Same Day ACH The latest enhancement to Same Day ACH begins. A third window for submitting same day payments gives ODFIs an extra two …
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 …
Supplementing Fraud Detection Standards for WEB Debits As the ACH Network grows, part of that growth can be attributed to an increase in consumer payments made via the internet and mobile devices. With that growth comes a need to ensure account …