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March 4, 2021
Recorded March 4, 2021
Recording access valid until Sept. 30, 2021
Recording access purchases are final
Improving and simplifying ACH user experience is no longer just a goal, it’s a reality. But, beyond the clearer authorization rules for new technologies, what are the actual impacts to…
ACH Operations, NACHA Operating Rules, Training
March 3, 2021
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, Livelihoods, Industries, Entrepreneurs, and…
Direct Deposit
February 16, 2021
The third Same Day ACH processing and settlement window will take effect on Friday, March 19. As of that date, files of Same Day ACH payments may be submitted by an ODFI to its ACH Operator up to two hours later in the day. Are you ready?
Same Day ACH Resources
To prepare, Nacha wanted to…
ACH, ACH Network, Same Day ACH
February 4, 2021
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 the ACH Network in 2020 is an increase…
ACH Network, Same Day ACH
February 3, 2021
Sometimes, changes to the Nacha Operating Rules come in two parts. Such is the case with the Rule on Differentiating Unauthorized Return Reasons, where the second part will be implemented soon.
First, let’s back up to when part one of the Rule took effect. Since April 1, 2020, RDFIs have been…
ACH Network
February 2, 2021
When the pandemic hit, a lot of people suddenly found themselves out of work and in need of savings to weather the storm. The trouble is that even before COVID-19, many Americans didn’t have much put away.
This highlights the importance of America Saves Week, Feb. 22-26. Once again, Nacha is…
Direct Deposit, Direct Payment via ACH
January 25, 2021
What is the System of Fines?
The National System of Fines provides the structure for evaluating possible violations of the Nacha Operating Rules and Guidelines. Through a formal system of warnings and fines, it corrects infractions and helps ACH Network participants to remain within the …
ACH Network, NACHA Operating Rules
January 25, 2021
Without a doubt, becoming an AAP is great for career growth, but Brenda Eckert, AAP, sees even more importance in achieving the accreditation.
“At Wells Fargo we have a strong focus on the AAP. We feel there is so much value in helping our customers and doing our part to ensure the ACH Network…
Accreditation, ACH Network
January 25, 2021
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, but this year there are…
Direct Deposit
January 21, 2021
ACH Growth Gets Boost from Stimulus Payments and Shift from Checks
Strong growth continued on the ACH Network in the final quarter of 2020, with 7 billion payments made, an increase of nearly 9% from a year earlier. Combined with data on check payments, the results show the dramatic impact of…
ACH Network, Same Day ACH