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Version 2.x Version 2 is an architecturally improved version of the IFX Business Message Specification (BMS), including refined adaptation to SOA, a consistently applied object model and important new content IFX Version 2 continues the Forum’s …
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 …
Financial Inclusion and Direct Deposit: FDIC Report Shows Pandemic Relief Helped Encourage Bank Account Openings
The ability to quickly receive pandemic-related benefits led some of the nation’s previously “unbanked” households to open bank accounts, which contributed to a continuing decline in the number of unbanked Americans, a new federal report found. The “2021 …
HERNDON, Virginia, May 31, 2022 – Nacha announced today the addition of Evolve Bank & Trust as a Nacha Direct Financial Institution Member. Nacha now has 44 Direct Members , consisting of financial institutions and Payments Associations (PAs) that …
All those who don’t like getting their money faster can stop reading here. For the rest of us, if you’re expecting (or at least hoping for) a tax refund this year, make sure to give the IRS your Direct Deposit information. It’s a great idea in general, …
Within four days of the Maryland RELIEF Act of 2021 becoming law, the state processed 98% of the payments—nearly two-thirds of which were made by Direct Deposit. How did they do it? In a word, preparation. The RELIEF (Recovery for the Economy, …
After giving Uncle Sam a loan out of your pay it’s nice to get a tax refund. And so much the better when it arrives quickly and is immediately available to use. Direct Deposit accomplishes that, and new stats show it’s being used by more Americans this …
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, a 2022 American Payroll Association survey of some 29,000 …
While it’s not officially the end of summer—that comes Sept. 22—Labor Day is the last hurrah for many of us before autumn takes over. Why would you want to spend any of that precious long weekend time dealing with a paper paycheck? For many Americans, …