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Increasing the Same Day ACH dollar limit to $1 million per payment posed no greater fraud risk than the prior $100,000 threshold, a new survey by Nacha’s Risk Management Advisory Group (RMAG) found. RMAG reviewed the proposal before it took effect in …
Direct Deposit continues to be the overwhelming choice for Americans to receive their wages, a new survey finds. In its 2022 “Getting Paid in America” survey, the American Payroll Association (APA) found that more than 93% of those questioned use Direct …
Nacha, Faster Payments Council and Payments Associations Announce Accredited Faster Payments Professionals Program
New collaboration to benefit entire faster payments ecosystem HERNDON, Virginia , Sept. 28, 2022 –Today, Nacha, the U.S. Faster Payments Council (FPC) and our nation’s Payments Associations announced a first-of-its-kind alliance to create the Accredited …
ACH Network Moves 7.6 Billion Payments in Third Quarter of 2022; Strong Growth Continues for Same Day ACH
HERNDON, Virginia, Oct. 25, 2022 – Steady growth continued for the ACH Network in the third quarter of 2022, with 7.6 billion payments processed valued at $19.2 trillion. Those are increases of 4.2% and 6%, respectively, from a year earlier. Same Day ACH …
Between inflation, market swings, crypto issues and more, the U.S. has weathered an uncertain economic situation in 2022. One bright spot: the modern ACH Network, which has continued growing despite some of the setbacks the economy has seen. Look at the …
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 , Nov 14, 2022 – Following the increase of the Same Day ACH dollar limit to $1 million in March 2022, Nacha and the ACH Operators - the Federal Reserve and The Clearing House - have completed the latest phase in the acceleration of ACH …
A Busy 2023 Ahead in the Financial World, Policy Experts Tell Nacha’s Government Relations Advisory Group
For any administration, regardless of party, the financial world always puts a lot on your plate. The third year of the Biden administration is no different, and Nacha’s Government Relations Advisory Group (GRAG) recently learned what some of the policy …
It isn’t every day that you see an increase of 1,140%. But when you look at some recent gains by Same Day ACH used for business-to-business (B2B) payments that’s exactly what happened. Back in the second quarter of 2019, Same Day ACH for B2B payments …