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February 16, 2021
Many dentists have yet to experience the benefits of receiving insurance claim payments by ACH, but there are encouraging signs, a new report found.
“Although the majority of dental payments are made via a paper check, the industry is seeing an uptick in the number of electronic dental payments…
Healthcare
February 16, 2021
The third Same Day ACH processing and settlement window will take effect on Friday, March 19. As of that date, files of Same Day ACH payments may be submitted by an ODFI to its ACH Operator up to two hours later in the day. Are you ready?
Same Day ACH Resources
To prepare, Nacha wanted to…
ACH, ACH Network, Same Day ACH
February 4, 2021
2 Billion New Payments Added as Pandemic Accelerates Shift to Electronic Payments
Payment volume on the ACH Network experienced record growth in 2020 as the pandemic accelerated the nation’s shift to electronic payments.
The 26.8 billion payments made on the ACH Network in 2020 is an increase…
ACH Network, Same Day ACH
February 3, 2021
Sometimes, changes to the Nacha Operating Rules come in two parts. Such is the case with the Rule on Differentiating Unauthorized Return Reasons, where the second part will be implemented soon.
First, let’s back up to when part one of the Rule took effect. Since April 1, 2020, RDFIs have been…
ACH Network
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
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 19, 2021
Nacha today announced its newest Board Members.
Seven senior executives began terms as Nacha Directors Jan. 1, 2021. These individuals include one current Director who returned to the Board for another term and six individuals who are new to the Nacha Board.
“The Nacha Board provides…
NACHA Governance
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 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