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December 29, 2020
Updated December 30, 2020
The IRS and the U.S. Treasury have confirmed that 113 million economic impact payments (EIPs) by ACH are being processed this week, with an effective date of Monday, Jan. 4, 2021. Under the Nacha Rules, RDFIs must make funds available by 9:00 a.m. (RDFI local time…
ACH, Advocacy, Direct Deposit, Direct Payment
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, Advocacy, Direct Deposit, Direct Payment
August 19, 2020
Despite Concerns Over Mail Delivery, Overwhelming Majority of Federal Government Payments Continue to be Made On Time
More than 97% of Recipients of Social Security and Veterans Benefits Rely on Direct Deposit
HERNDON, Va., August 19, 2020 – In recent days, significant concerns have been raised over the delivery of payments from the Social Security Administration and the Veterans Benefits Administration…
ACH, Advocacy, Direct Deposit, Government Relations News
May 10, 2019
According to the Federal Deposit Insurance Corp., Capital requirements for fintechs interested in bank charters are proving burdensome. Newly chartered financial institutions are required by the Regulator to have achieved a capital-to-assets level of at least 8 percent during its first three years…
Legislative and Regulatory
May 10, 2019
Click here for a summary of the Congressional Outlook for May 2019.
Legislative and Regulatory
May 9, 2019
The Consumer Financial Protection Bureau has issued a Request for Information (RFI) regarding potential regulatory changes to the current remittance Rule. The RFI seeks information on two specific areas of the rule.
Temporary Exception Expiration Questions: First, the RFI seeks information…
Legislative and Regulatory
October 20, 2014
Nacha Announces Enhancements to XML-ACH Remittance Opt-In Program
Through Program, Participants Can Now Send ISO 20022 Remittance Information
XML-ACH Enhancements and other ISO 20022 Topics to Be Addressed at Upcoming Payments Innovation Alliance Meeting
HERNDON, Va., October 20,…
Products and Solutions, International/Cross Border, Opt-in Programs
August 27, 2014
In an effort to evaluate the business case to adopt ISO 20022 payment messages, The Federal Reserve Bank of New York, The Clearing House Payments Company LLC, Nacha – The Electronic Payments Association, and the Accredited Standards Committee X9, Inc., engaged KPMG LLP (KPMG) to conduct an…
Products and Solutions, International/Cross Border, Opt-in Programs
June 23, 2014
Nacha Recognized for Work that Resulted in the Publishing of New ISO 20022 Remittance Messages during Recent EBAday 2014 Forum
Nacha Recognized for Work that Resulted in the Publishing of New ISO 20022 Remittance Messages during Recent EBAday 2014 Forum
Nacha Collaborated with IFX Forum and Other IFX Members to Develop ISO 20022 Standalone Remittance Messages, Which Are Supported by the ACH Network Today, to…
ACH, Products and Solutions, International/Cross Border, Opt-in Programs
April 16, 2013
Nacha’s Council for Electronic Billing and Payment to Launch Industry Evaluation of the QR Encoding for Consumer Bill Pay Guidelines
FOR IMMEDIATE RELEASE
Contact:
Nacha
703-561-3952
media@nacha.org
Nacha’s Council for Electronic Billing and Payment to Launch Industry Evaluation of the QR Encoding for Consumer Bill Pay Guidelines
HERNDON, Va., April 16, 2013 – Nacha –The Electronic Payments Association’s Council for…
ACH, Products and Solutions, Opt-in Programs