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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’…
Risk Management, Nacha Operating Rules, ACH
September 17, 2020
Nacha’s Payments Innovation Alliance Releases Two New Resources Focused on Voice Payments and Pandemic-Related Cybersecurity Best Practices
The Alliance’s Project Teams continue to play a crucial role in providing thought leadership on topics impacting the payments space and financial services
HERNDON, Va., Sept. 17, 2020 – In its continued efforts to shape the future of the payments industry and to develop thought leadership…
Membership, Products and Solutions
July 15, 2020
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 Alliance members to meet virtually to…
Products and Solutions, Membership
March 9, 2020
ACH Operations Bulletin #2-2020: Nacha Issues Reminder on ACH Responsibilities to Financial institutions Potentially Impacted by Coronavirus
EXECUTIVE SUMMARY
Nacha reminds financial institutions of the importance of reviewing their business continuity plans to ensure that they are prepared to maintain ACH payment processing capabilities in the event of possible disruptions.
DISCUSSION
In light of the potential impact of…
ACH, Nacha Operating Rules, Operations Bulletin
March 3, 2020
When you need a hand from someone at another financial institution, finding that someone can be daunting. But things are about to change.
A new Rule creates the ACH Contact Registry, which opens July 1, 2020. It’s going to make locating the right person a whole lot easier.
“In today’s…
Risk Management, Nacha Operating Rules, ACH
February 19, 2020
Nacha is requesting industry feedback on a set of Rules proposals and other concepts collectively referred to as “Meaningful Modernization.” The deadline has now been extended to May 1, 2020. Learn more about it on our Rules page.
ACH, Nacha Operating Rules
February 5, 2020
This time, it’s not optional.
On July 1, 2020, the ACH Contact Registry opens for business. Unlike the existing voluntary contact database, participation is mandatory. A new Nacha Operating Rule requires all financial institutions using the ACH Network to register contacts for ACH…
Risk Management, Nacha Operating Rules, ACH
January 8, 2020
Like 8-track tapes and white disco suits, Appendix 8 of the Nacha Operating Rules has faded into history. Many were using it as a guide for ACH audits, which Nacha acknowledged in the title of its recent webinar, “Curing the Appendicitis After Removing Appendix 8.” But as the webinar showed, there’…
Nacha Operating Rules
December 4, 2019
New year, new Nacha Operating Rules.
With four imminent Rules changes, now’s the time to get ready, which is why Nacha hosted the Dec. 3 webinar “2020 Nacha Operating Rules: Preparing for the New Rules.”
The first change arrives March 20, 2020, when the dollar limit for each Same Day…
ACH, Nacha Operating Rules
September 30, 2019
Nacha today announced the addition of Synovus as a Direct Financial Institution Member. Nacha’s Direct Members now consist of 32 financial institutions and 11 Payments Associations (PAs) that jointly represent approximately 11,000 financial institutions across the U.S.
“On behalf of Nacha and…
Membership