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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 …
Diagram This diagram shows the basic container hierarchy of every object in the IFX Standard. The data attributes commonly associated with an object are found mostly in the xxxInfo segment and the current state of the object is found in the xxxStatus …
Afinis Interoperability Standards Adds 17 New Member Organizations to Further Enhance Focus on the Rapid Delivery of APIs
HERNDON, Va. , July 13, 2020 – Nacha’s Afinis Interoperability Standards membership organization, which focuses on the rapid delivery of APIs and other financial services standards across the U.S. and globally, announced today it has added 17 new member …
HERNDON, Va., March 19, 2020 – Nacha’s Afinis Interoperability Standards membership organization announced today it has partnered with XMLdation to enable its stakeholders to leverage the Finland-based company’s testing capabilities within Afinis’ …
HERNDON, Va. , March 20, 2020 – A major enhancement to Same Day ACH begins today, as the dollar limit per payment quadruples to $100,000. “This is one of the most requested changes Nacha has been asked for since Same Day ACH debuted,” said Nacha President …
HERNDON, Va., May 28, 2020 – The ACH Network is woven into the daily payment activity of American consumers, businesses and government, says a Mercator Advisory Group white paper published today titled, “The Expanding Role of ACH in the Era of Faster …
HERNDON, Va. , April 9, 2020 – The ACH Network opened 2020 with a strong first quarter, as the number of payments rose 7.1% from a year earlier. The results were driven primarily through robust growth occurring prior to the slowdown of economic activity …
The ACH Network had exceptionally strong growth in the third quarter of 2020, with a resurgence of commercial volume even as some government assistance payments have largely concluded. Volume on the ACH Network totaled 6.8 billion payments in the third …
2 Billion New Payments Added as Pandemic Accelerates Shift to Electronic Payments Payment volume on the ACH Network experienced record growth in 2020 as the pandemic accelerated the nation’s shift to electronic payments. The 26.8 billion payments made on …