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ACH Network Moves 7.6 Billion Payments in Third Quarter of 2022; Strong Growth Continues for Same Day ACH
HERNDON, Virginia, Oct. 25, 2022 – Steady growth continued for the ACH Network in the third quarter of 2022, with 7.6 billion payments processed valued at $19.2 trillion. Those are increases of 4.2% and 6%, respectively, from a year earlier. Same Day ACH …
Financial Inclusion and Direct Deposit: FDIC Report Shows Pandemic Relief Helped Encourage Bank Account Openings
The ability to quickly receive pandemic-related benefits led some of the nation’s previously “unbanked” households to open bank accounts, which contributed to a continuing decline in the number of unbanked Americans, a new federal report found. The “2021 …
In more than 1,000 landings as a naval aviator, I never once made a gear-up landing. I didn’t take any chances: I used a checklist to prepare for every landing. The checklist was necessary not because lowering the landing gear is difficult to remember. It …
A Busy 2023 Ahead in the Financial World, Policy Experts Tell Nacha’s Government Relations Advisory Group
For any administration, regardless of party, the financial world always puts a lot on your plate. The third year of the Biden administration is no different, and Nacha’s Government Relations Advisory Group (GRAG) recently learned what some of the policy …
A recent Nacha blog article suggested that a checklist approach to payment initiation could help Originators comply with rules and regulations, avoid errors, and reduce fraud. Nacha’s Risk Management Advisory Group (RMAG) believes a similar approach might …
Nacha believes that risk management is central to maintaining a high-quality ACH Network that relies on the trust of each participant. Financial Institutions’ obligations include conducting a risk assessment and implementing a risk management program …
In a matter of days, Phase 2 of the Nacha Micro-Entries Rule takes effect. Starting March 17, 2023, Originators of Micro-Entries will have to use commercially reasonable fraud detection. “At a minimum that includes monitoring forward and return volumes …
With just a few simple steps, your organization can start collecting donations with electronic bank transfers. Below are some resources to help you get the necessary information from donors, and we have provided sample scripts and social media posts to …
Everyone has a reason for obtaining their AAP, APRP or both. Some want the fame, the fortune and the glory. Others simply want those sought-after letters on their signature. Whatever your reason is, we're glad you're here. Meet a few of our accredited …