Displaying 1 - 10 of over 17 results for "*"
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
February 7, 2019
The Business Payments Coalition and Accredited Standards Committee X9 are creating a new reference directory listing U.S. banks and service providers that offer payment and cash management products and/or implementation services related to ISO 20022. The purpose of the ISO 20022 Capabilities…
Products and Solutions, International/Cross Border, Standards
July 6, 2018
On July 5, 2018, the Board of Governors of the Federal Reserve System (Board) released a request for comment to adopt the ISO 20022 message format for their Fedwire Service. The migration to ISO 20022 would take place in three phases beginning in 2020 and ending in 2023. Switching over the message…
Government Relations News, International/Cross Border
March 13, 2018
Request for Payment Program Leverages ISO 20022 Message Standard to Enable a Consistent Process for Electronic Invoicing and Receipt of Payment and Remittance
HERNDON, Va., March. 13, 2018 – Today, Nacha—The Electronic Payments Association® announced the launch of its new Request for Payment…
ACH, International/Cross Border
December 9, 2015
Paper explores the ISO 20022 landscape while combating myths about the global standard as it relates to payments
HERNDON, Va., Dec. 10, 2015 – Nacha—The Electronic Payments Association® announced today that it has released a white paper, “Introduction to ISO 20022 for U.S. Financial…
International/Cross Border, Standards
November 19, 2015
Designed to Help Financial Institutions and Other ACH Network Users Understand the Standard’s Implications for the Payments Industry
HERNDON, Va., Nov. 19, 2015 – As a leader in the U.S. movement to standardize payments using ISO 20022, Nacha—The Electronic Payments Association®…
International/Cross Border, Standards
November 13, 2015
ISO 20022's Role in Payments
by Janet O. Estep
Jan Estep is president and CEO of Nacha, which serves as trustee of the ACH Network, managing the development, administration and rules for the payment network that universally connects all 12,000 U.S. financial institutions.
The ACH Network…
ACH, International/Cross Border, Standards
March 31, 2015
To help clarify use of International ACH Transactions (IAT) for transactions initiated by money transmitters or third-party service providers that involve a U.S. bank and foreign bank, Nacha has issued a revised IAT Scenario H.
The revised IAT Scenario H provides guidance on when to format…
International/Cross Border