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December 16, 2020
It was two years ago when Nacha's Payments Innovation Alliance launched the Faster Payments Project Team to play a crucial role in helping organizations gain clarity on faster payments. Its mission was to provide tools to help financial institutions and business end users shape their faster…
Faster Payments
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
September 15, 2020
As the coronavirus pandemic raged across the country, the U.S. government turned to Direct Deposit to deliver hundreds of millions of stimulus payments to Americans, not once, but twice.
The IRS reported that under the CARES Act, 122.5 million EIPs were made by Direct Deposit. When a…
ACH, ACH Network, ACH Operations, Advocacy, Direct Deposit, Direct Payment via ACH, Faster Payments, Legislative and Regulatory
September 1, 2020
By Richard Oliver & George Warfel Jr.
Written by experienced experts from both the private and the government sector, The Story of Payments: How The Industrialization of Trust Created the Modern Payments System tells the story of how payments – between people, merchants, employers and…
ACH, Other Payments
August 26, 2020
Phixius, Nacha’s payment information exchange platform, has been selected to present at Finovate on Monday, Sept. 14, at 2.25 p.m. ET. Finovate features demos and presentations on the latest innovations in financial technology.
Nacha technology advisor Peter Tapling will be presenting the…
ACH, ACH Network, Faster Payments, Products and Solutions, Risk Management
June 11, 2020
Mercator Advisory Group recently held a webinar to further discuss the findings of its new white paper titled “The Expanding Role of ACH in the Era of Faster Payments.”
Michael Herd, Nacha’s Senior Vice President of ACH Network Administration, and Sarah Grotta, Mercator’s Director of Debit…
ACH, ACH Network, Faster Payments
June 2, 2020
Part 3 of 4 (Part 1, Part 2, Part 4)
Earlier this year, the Nacha Risk Management Advisory Group (RMAG) met to expand upon a previous RMAG initiative on the topic of risk and exposure management. This is the third in a series of articles in which RMAG provides sound business practices…
ACH, ACH Network, Risk & Compliance, Risk Management
May 28, 2020
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 Payments.” The paper also highlights how – as…
ACH, ACH Network, Faster Payments, Same Day ACH
February 18, 2020
Following Nacha’s confirmation of March 19, 2021, as the effective date for the new, third Same Day ACH window, The Clearing House and the Federal Reserve Banks, as the two ACH Operators, have agreed on the following processing schedule.
The deadline for the receipt of originated Same Day ACH…
ACH, ACH Network, ACH Operations, Faster Payments, Same Day ACH
January 21, 2020
HERNDON, Va., Jan. 22, 2020 – Nacha is partnering with seven members of The Center for Payments to expand the reach of Nacha Certified, a voluntary certification program for Third-Party Senders that enhances the quality of the ACH Network.
Under a new cooperative agreement, seven Center…
Risk & Compliance, Risk Management