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On March 15, 2002 Nacha Operating Rules became effective for Accounts Receivable Entries (ARC). Under the ARC rules, a consumer check remitted to an accounts receivable location, such as a lockbox or dropbox, can be converted into an ACH debit when prior …
Nacha has recently become aware of an increasing number of fraudulent transactions being made over the ACH Network using the Telephone-Initiated Entry (TEL) application. The TEL application became effective in September 2001 as a means to provide a more …
Direct Deposit is one of those things that’s easy to take for granted. Yet, like clockwork, it delivers employees' salaries each payday, as well as Social Security and veterans’ benefits. In fact, a 2022 American Payroll Association survey of some 29,000 …
If you are like the rest of us, both your home and professional lives may have experienced some jolts due to the ongoing pandemic. And the payments industry has not been immune either. As business conditions continue to change, now is the perfect time for …
HERNDON, Virginia, Nov.8, 2022 – Socure is now a Nacha Preferred Partner for Compliance/Risk and Fraud Prevention. In becoming a Preferred Partner, Socure joins a select group of innovators recognized for offering products and services that align with …
HERNDON, Virginia, Dec.13, 2022 – Nacha's Phixius service announced today that financial institutions and service providers have processed more than 2 million payment-related transactions on the platform this year. Phixius provides for the exchange of …
ACH Network Moves 7.6 Billion Payments in Third Quarter of 2022; Strong Growth Continues for Same Day ACH
HERNDON, Virginia, Oct. 25, 2022 – Steady growth continued for the ACH Network in the third quarter of 2022, with 7.6 billion payments processed valued at $19.2 trillion. Those are increases of 4.2% and 6%, respectively, from a year earlier. Same Day ACH …
Gateway for On-Demand Payments Education HERNDON, Virginia, Oct. 13, 2022 – Today, Nacha announced the launch of PaymentsIQ by Nacha . This user-friendly online resource allows payments professionals to access more than 100 on-demand courses on topics …
Direct Deposit continues to be the overwhelming choice for Americans to receive their wages, a new survey finds. In its 2022 “Getting Paid in America” survey, the American Payroll Association (APA) found that more than 93% of those questioned use Direct …