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October 20, 2020
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 quarter, a 9% increase from the same period…
ACH Network, Same Day ACH
October 19, 2020
While it might be surprising to realize that Same Day ACH went live more than four years ago, ongoing enhancements to this new ACH Network capability have kept the ACH industry busy.
Following the increase in the Same Day ACH dollar limit this past March, a new Same Day ACH processing…
Same Day ACH
October 19, 2020
ACH Operations Bulletin #7-2020 Nacha Provides Update on COVID-19 Relief and Upcoming Effective Dates
Approximately six months ago, Nacha issued several ACH Operations Bulletins and Frequently Asked Questions announcing relief from a variety of requirements of the Nacha Operating Rules due to the impact of the coronavirus pandemic. This ACH Operations Bulletin provides an update on…
ACH, ACH Network, ACH Operations, Operations Bulletin
October 6, 2020
Not only has Nacha’s Afinis Interoperability Standards released its newest standardized application programming interface (API), but it also has found an early adopter to put it into action.
First, allow me to provide some background: Afinis is a membership-based governance organization that…
APIs
September 30, 2020
Recorded Sept. 30, 2020
Recording available until May 15, 2021
AAP & APRP credits: 1.2
As the industry moves towards payments with faster settlement, Nacha has made enhancements to same day processing rules that have direct end-user impact.
In March 2020 the transaction dollar limit was…
ACH Network, Same Day ACH
September 30, 2020
Recorded Sept. 29, 2020
Recording available until May 15, 2021
AAP & APRP Credits: 1.5
The Clearing House, the Federal Reserve and Nacha will host this ACH Network Town Hall for financial institutions to discuss the state of the ACH during the COVID era, and to initiate dialogue on the…
ACH Network, Faster Payments, Innovation, Same Day ACH
September 28, 2020
Meeting Details
The Payments Innovation Alliance will meet virtually for its fall member meeting on Nov. 4-6, 2020. The Alliance Advisory Committees are currently developing the agenda and we look forward to sharing it with you soon. In the meantime, to help you plan your…
ACH, Faster Payments, Innovation, Membership
September 24, 2020
As technological innovation continues to reshape the payments industry, APIs are becoming a prominent feature of the landscape. But as APIs become a facet in the payments industry, so does the need for API standardization and common practices. Such a framework is necessary for innovation and growth…
APIs
September 18, 2020
When COVID-19 forced much of the world into lockdown it was unchartered territory for many, including Nacha Elevation Consulting. As it turns out, we’ve been busy in recent months, and noticed a common thread among our clients: they want anything tied to payments to be moved to all digital.…
ACH, ACH Network, ACH Operations, Non-ACH Payments (i.e. wires, credit/debit cards, etc.), Products and Solutions
September 17, 2020
With paper check use declining and electronic payment methods on the rise, the ACH Network has grown tremendously in recent years. A recent PaymentsJournal podcast unpacked how this growth continued into 2020, even as the pandemic disrupted regular economic activity. In fact, the pandemic…
ACH Network, Same Day ACH