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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
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
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
January 30, 2019
After a day of filling cavities and fitting crowns, your dentist is entitled to be paid. The easiest way is to make the entire claims process electronic, but with so many dental practices being fairly small, they could sure use a hand.
Financial institutions of all sizes should be at the ready…
ACH, Healthcare, Standards
December 5, 2018
Interim Board, consisting of 11 organizations representative of the diverse financial services industry, will guide strategic direction of the new member-led organization
HERNDON, Va., Dec. 5, 2018 – Afinis Interoperability Standards announced that it has named its Interim Governing Board.…
APIs, Membership, Standards
September 4, 2018
New membership organization rapidly delivers APIs and other financial services standards for widespread adoption and to accelerate innovation
HERNDON, Va., Sept. 5, 2018 – Afinis is a membership-based standards organization that brings together diverse collaborators – through innovative and…
Products and Solutions, Membership, Nacha Governance, 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
April 2, 2018
Organizations Join Forces to Further Develop Standardized APIs and Other Standards for the Global Financial Services Industry
HERNDON, Va., April 2, 2018 – Nacha—The Electronic Payments Association® and the Interactive Financial eXchange (IFX) Forum today jointly announced that they’ve…
ACH, Membership, Standards