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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
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 22, 2020
Direct Deposit is one of those things that’s easy to take for granted. Yet, like clockwork, it delivers employees' pay as well as Social Security and veterans’ benefits. To help consumers better understand how it’s used every day, Nacha recently launched directdeposit.org.
The site is…
Direct Deposit, Direct Payment via ACH
December 21, 2020
Nacha’s Payments Innovation Alliance Expands ACH Quick Start Tool for Small and Medium-Sized Businesses
The online educational tool has been updated to help businesses adopt ACH as their preferred payment method for B2B and B2C payments
Nacha and its Payments Innovation Alliance have expanded the ACH Quick Start Tool, an online educational resource designed to help small and medium-sized…
ACH, Innovation
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
December 10, 2020
Property management is a big business that handles a lot of money, with managers collecting rents from tenants and then forwarding the funds to owners. As payments increasingly move online and away from paper checks, a fair share of those funds flow through the ACH Network. That makes it all the…
ACH Network
December 9, 2020
Nacha is requesting comment on a proposal to increase the dollar limit for Same Day ACH payments.
Complete details, including the Rules Proposal Description, the Modifications to the Rules, the link to comment, and more can be found here.
We also invite you to watch our video:
ACH, ACH Network, Same Day ACH
December 8, 2020
With the holiday season in full swing chances are Direct Deposit isn’t top of mind. Understandable, but before the new year rolls around you should give it some thought.
First, it’s worth looking back at 2020, even though for some of us it wasn’t the greatest year. But there are lessons to be…
Direct Deposit, Direct Payment via ACH