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December 29, 2020
Updated December 30, 2020
The IRS and the U.S. Treasury have confirmed that 113 million 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) on Jan. 4. The EIPs by ACH will…
ACH, ACH Network, ACH Operations, Advocacy, Direct Deposit, Direct Payment via ACH
November 18, 2020
[Podcast] The ACH Network is Not Just Payroll and B2B Transactions. It’s Branching Into New Segments, Too
Many are familiar with the ACH Network, which last year electronically moved 24.7 billion payments valued at nearly $56 trillion between accounts at different financial institutions for payments including large B2B transactions or payroll direct deposit.
Others may recognize the ACH Network as…
ACH Network, Healthcare
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
September 15, 2020
As the coronavirus pandemic raged across the country, the U.S. government turned to Direct Deposit to deliver millions of stimulus payments to Americans. On April 15, 2020, exactly as the IRS instructed, 81 million Americans woke up to find their stimulus payments safely in their bank accounts…
ACH, ACH Network, ACH Operations, Advocacy, Direct Deposit, Direct Payment via ACH, Faster Payments, Legislative and Regulatory
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, ACH Network, Advocacy, Direct Deposit, Government Relations News
June 29, 2020
Founded in 1989, Lyons Commercial Data, a division of Autoscribe Corporation, is a premier provider of quality U.S. financial institution data including bank routing numbers and other information critical to transaction processing.
Lyons Commercial Data helps processors, financial institutions,…
Products and Solutions, Standards & Regulations
March 25, 2020
Top Ways the ACH Network Can Help Consumers, Businesses and Government During the National Emergency
During the current national emergency, the ACH Network is operating normally to process payments for consumers, businesses, and government agencies. There are many impacts to daily life and business operations due to the practice of social distancing and the closing of many workplaces. The use and…
ACH, ACH Network, Direct Deposit, Direct Payment via ACH, Healthcare
March 23, 2020
Dr. Sara Stuefen is a big fan of EFT payments. She knows they're quick and convenient. And insurance companies that try to make her take a Virtual Credit Card learn this dentist won't stand for it.
Download the case study here.
Healthcare
February 10, 2020
Why does Northern Virginia dentist Dr. Amy Adair like electronic claim payments via ACH? And what happened when an insurer tried sending virtual credit cards? Nacha's case study shows why EFT payments is the way to go for healthcare professionals.
Download the case study here.
Healthcare
January 26, 2020
Doctors are increasingly making the switch to receive electronic claim payments, but for dentists it’s like pulling teeth.
The new 2019 CAQH Index, released Jan. 21, estimates that 70% of medical claim payments were made electronically last year. That’s up seven percentage points from the 2018…
ACH, ACH Network, Healthcare