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April 15, 2021
Same Day ACH Volume Climbs 88%, Passes 1 Billion Milestone
The modern ACH Network saw volume soar in the first quarter of 2021, setting two new records in the process.
Quarterly volume of 7.1 billion payments was an increase of 11.2% from the same period in 2020. The value of those payments…
Same Day ACH, ACH, ACH Network
April 8, 2021
Like many companies, Subject Matter recently reached its one-year milestone of working remotely. What the company quickly discovered is that when its entire staff works from home, a lot of basic functions had to change – including sending and receiving payments to and from clients and vendors.…
ACH Network
April 5, 2021
Same Day ACH payments will be further enhanced with a new $1 million per transaction limit.
Nacha members approved a measure to increase the per-payment maximum from the current $100,000 to $1 million effective March 18, 2022. It will apply to all eligible Same Day ACH payments, including…
Same Day ACH, ACH, ACH Network
March 30, 2021
Nacha today released its Top 50 rankings of financial institution originators and receivers of ACH payments for 2020.
The Top 50 originating financial institutions handled ACH volume of almost 23.1 billion payments last year, an increase of nearly 8.6% over 2019. They accounted for 92.7% of…
ACH, ACH Network
March 22, 2021
Nacha, The Clearing House and The Federal Reserve—collectively comprising the infrastructure of the ACH Network—announce the successful expansion of Same Day ACH.
On March 19, 2021, the operating hours of Same Day ACH were extended through the establishment of a third daily opportunity to clear…
Same Day ACH, ACH, ACH Network
March 11, 2021
IRS Will Provide Funding for Tens of Millions by Direct Deposit Effective Wednesday, March 17
Updated March 15, 2021:
The IRS announced that the settlement date for the initial wave of tens of millions of economic impact payments by Direct Deposit will be Wednesday, March 17. This is the…
ACH, Consumers, ACH Network, Direct Deposit, Direct Payment via ACH
March 10, 2021
Supplementing Fraud Detection Standards for WEB Debits
As the ACH Network grows, part of that growth can be attributed to an increase in consumer payments made via the internet and mobile devices. With that growth comes a need to ensure account information is accurate before ACH…
ACH, ACH Network
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