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Contact: Media Relations Today, Nacha released the following statement by President and CEO Jane Larimer on the December 2021 update to the Federal Reserve Payments Study : “The latest update to the Federal Reserve Payments Study highlights the importance …
NASHVILLE, Tennessee —Presidents typically stand before Congress and proclaim the state of the union to be strong. Michael Herd was looking for a different adjective to describe the ACH State of the Union and came up with the perfect fit: “historic.” …
Fraud keeps changing. As it does, participants in the payments system need to understand and adapt to emerging fraud scenarios and develop counterstrategies to help protect their customers and themselves. Nacha’s previous risk management strategies for …
NASHVILLE, Tennessee —There was a time when the focus of risk management on the ACH Network was controlling unauthorized debits. But keeping the ACH Network safe means keeping up with the times and anticipating future scenarios. Today, fraud involving …
Sometimes simple works best. When it comes to your financial life, there are ways to simplify things that make a lot of sense. The first week of August is Simplify Your Life Week, and on a personal level, one of the easiest things to do is to move away …
Your sales are humming along, bills and invoices are being sent to customers, and the payments are flowing back to your company—and there are a lot of payments. That’s good news. But, that’s also where Goofus processes may lurk! Remember Goofus and …
Nearly five years ago, shortly after Nacha launched Same Day ACH, its Risk Management Advisory Group (RMAG) conducted a survey. It posed many questions to both Originating Depository Financial Institutions (ODFIs) and Receiving Depository Financial …
2021 is shaping up to be a banner year for healthcare volume on the ACH Network, as medical and dental providers increasingly recognize the advantages of electronic claim payments. “There were 361 million healthcare EFTs through the ACH Network through …
ACH Network Volume Up 7.7% in Third Quarter; Strong B2B Growth Continues as Healthcare Claims Pass 100M Mark
Contact: Media Relations With business-to-business (B2B) showing particularly strong growth, and healthcare claim payments setting a record, the modern ACH Network recorded a 7.7% increase in payment volume during the third quarter of 2021. There were …