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February 9, 2021
Nacha to Recognize 145 New Recipients of the Accredited ACH Professional Credential During National AAP Recognition Day on Feb. 9
HERNDON, Va., Feb. 9, 2021 – In honor of National AAP Recognition Day, Nacha will recognize 145 newly credentialed Accredited ACH Professionals who passed the 2020 AAP exam, as well as more than 4,600 professionals who currently hold the credential.
To become an AAP, individuals must pass a…
Accreditation
January 25, 2021
Without a doubt, becoming an AAP is great for career growth, but Brenda Eckert, AAP, sees even more importance in achieving the accreditation.
“At Wells Fargo we have a strong focus on the AAP. We feel there is so much value in helping our customers and doing our part to ensure the ACH Network…
Accreditation, ACH Network
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, ACH Network, ACH Operations, Advocacy, Direct Deposit, Direct Payment via ACH
October 19, 2020
ACH Operations Bulletin #7-2020 Nacha Provides Update on COVID-19 Relief and Upcoming Effective Dates
Approximately six months ago, Nacha issued several ACH Operations Bulletins and Frequently Asked Questions announcing relief from a variety of requirements of the Nacha Operating Rules due to the impact of the coronavirus pandemic. This ACH Operations Bulletin provides an update on…
ACH, ACH Network, ACH Operations, Operations Bulletin
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
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 18, 2020
When COVID-19 forced much of the world into lockdown it was unchartered territory for many, including Nacha Consulting, formerly Elevation Consulting. As it turns out, we’ve been busy in recent months, and noticed a common thread among our clients: they want anything tied to payments to be moved to…
ACH, ACH Network, ACH Operations, Non-ACH Payments (i.e. wires, credit/debit cards, etc.), Products and Solutions
September 15, 2020
As the coronavirus pandemic endures across the country, the U.S. government turned to Direct Deposit to deliver hundreds of millions of stimulus payments to Americans, not once, not twice but three times.
The IRS reported that under the CARES Act, 122.5 million economic impact payments…
Legislative and Regulatory, ACH, ACH Network, ACH Operations, Advocacy, Direct Deposit, Direct Payment via ACH, Faster Payments
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 9, 2020
Part 4 of 4 (Part 1, Part 2, Part 3)
Earlier this year, the Nacha Risk Management Advisory Group (RMAG) met to expand a previous RMAG initiative on the topic of risk and exposure management. This is the fourth and final article in a series of articles in which RMAG provides sound…
ACH, ACH Network, ACH Operations