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October 26, 2020
Nacha’s Afinis Interoperability Standards will hold a virtual planning meeting on Wednesday, Oct. 28 from 3:00 to 5:00 p.m. ET via GoToMeeting. This will be a working meeting utilizing agile program increment planning to determine the steps for the next Afinis sprints.
Afinis is a…
APIs
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
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 14, 2020
Recorded Oct. 14, 2020
Recording available until May 15, 2021
AAP & APRP credits: 1.2
In order to help prevent fraud on the ACH Network and protect accounts from receiving fraudulent or incorrect unauthorized payments, Nacha has supplemented the requirements for online-initiated…
ACH Network
October 9, 2020
In a recent interview with PaymentsJournal, Nacha’s Jane Larimer discusses how the ACH Network delivered stimulus payments on time.
As part of the CARES Act, by the end of August, the government had distributed $270 billion in funds in stimulus payments. However…
ACH, ACH Network, Advocacy, Direct Deposit, Direct Payment via ACH
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
October 2, 2020
Nacha has approved eight new amendments to the Nacha Operating Rules governing the use of ACH payments. Many of the changes reflect a long-term strategy to modernize the ACH system, both through infrastructure improvements such as Same Day ACH; and making ACH payments easier to use for the country’…
ACH, ACH Network, NACHA Operating Rules, Risk & Compliance, Risk Management
October 1, 2020
Time to get excited! New Nacha Operating Rules amendments are coming in 2021!
Hear directly from Nacha Rules and Operations Committee members on the importance of these changes and the benefits to all financial institutions and ACH participants. With the goals of making the ACH Network easier to…
ACH Network, NACHA Operating Rules, Training
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