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Financial Institutions have been listing ACH contacts in Nacha’s ACH Contact Registry since the platform went live in July 2020. Most banks and credit unions are entering quality data that meets the requirements under the Nacha Operating Rules. That means …
Spring cleaning shouldn’t be limited to the basement and garage. When was the last time you checked your bank or credit union’s entries in the ACH Contact Registry? Now is a good time to go in and look at the contacts you have listed. “Changes to staff …
Sometimes simple works best. When it comes to your financial life, there are ways to simplify things that make a lot of sense. The first week of August is Simplify Your Life Week, and on a personal level, one of the easiest things to do is to move away …
It’s all well and good to say you’ll save some money next week. The hard part is actually doing it. But having some of your pay automatically go to savings makes things a lot easier. That proposition is at the heart of a new campaign called Wisconsin …
For some Americans, the pandemic quickly brought home an unpleasant fact about their savings: they don’t have enough. It’s a subject that gets part of the spotlight each year during America Saves Week , which Nacha is proud to participate in. In 2022, …
Nacha Research Shows 97% of Workers Ages 22-34 Have a Bank Account and 88% of Them That Are W2 Workers Use Direct Deposit
New Ad Campaign Educates Gig Workers About Benefits of Direct Deposit HERNDON, Virginia, Oct.19, 2022 –A study commissioned by Nacha found the sizable majority of the nation’s younger millennials are paid by Direct Deposit but revealed a stark contrast …
With one new Nacha Rule just taking effect last month and two others right behind in September, Nacha has a wealth of new and refreshed materials to help you along. On June 30, Phase Two of Supplementing Data Security Requirements took effect, expanding …
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 …
NASHVILLE, Tennessee —Could FedNow pave the way for more ACH settlement windows? A major stumbling block to expanding ACH hours is that the Federal Reserve’s National Settlement Service (NSS) for interbank settlement closes at the end of the business day …