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January 21, 2021
ACH Growth Gets Boost from Stimulus Payments and Shift from Checks
Strong growth continued on the ACH Network in the final quarter of 2020, with 7 billion payments made, an increase of nearly 9% from a year earlier. Combined with data on check payments, the results show the dramatic impact of…
ACH Network, Same Day ACH
January 20, 2021
Purchase the 2021 Nacha Operating Rules & Guidelines in Print, Online Resource and via App together and save 10%
Accreditation, ACH Network, NACHA Operating Rules
January 15, 2021
Purchase the 2021 Nacha Operating Rules & Guidelines in Print and Online Resource together and save 10%
Accreditation, ACH Network, NACHA Operating Rules
January 7, 2021
Recorded Jan. 7, 2021
Recording access valid until June 30, 2021
Recording access purchases are final
There are six – yes, six! – new Nacha Operating Rule amendments being implemented in 2021. This is NOT the year to miss getting the latest information directly from the source.
From…
ACH Network, NACHA Operating Rules, Same Day ACH, Training
January 6, 2021
Popular Blog Posts From 2020
While Rodgers’ and Hammerstein’s favorite things may have been raindrops on roses, whiskers on kittens and warm woolen mittens, for Nacha some of our favorite things include Direct Deposit and Split Deposit. Throughout 2020, we shared some of our favorite things in…
ACH, ACH Network, Consumers, Direct Deposit, Direct Payment via ACH
January 1, 2021
On February 9, 2021, Nacha partners with the Payments Associations to honor more than 4,500 Accredited ACH Professionals as part of National AAP Recognition Day. This day highlights the importance of the AAP accreditation, as well as celebrates the achievements and contributions of AAPs…
Accreditation
December 31, 2020
Updated January 4, 2021
Nacha has learned that the IRS is issuing a smaller number of Economic Impact Payments (EIPs) by ACH than previously expected, although the total volume is still approximately 100 million. These payments have an effective date of Jan. 4, 2021. People that are…
ACH, ACH Network
December 29, 2020
Updated December 30, 2020
The IRS and the U.S. Treasury have confirmed that 113 million 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) on Jan. 4. The EIPs by ACH will…
ACH, ACH Network, ACH Operations, Advocacy, Direct Deposit, Direct Payment via ACH
December 15, 2020
New Year’s Day 2021 brings with it a change to the Nacha Operating Rules. If you haven’t already, the time to familiarize yourself is now.
The new Rule defines an “egregious violation” as a willful or reckless action by a Financial Institution, Originator, or Third-Party Sender, involving…
ACH Network
December 14, 2020
File holders, you know who you are, but for those who don’t, allow us to explain.
Sometimes, organizations originating ACH payments use stale or other invalid dates in the “Effective Entry Date” field. Accidents happen, but some do it routinely or have never implemented the capability to…
ACH Network, Same Day ACH