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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
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
November 18, 2020
[Podcast] The ACH Network is Not Just Payroll and B2B Transactions. It’s Branching Into New Segments, Too
Many are familiar with the ACH Network, which last year electronically moved 24.7 billion payments valued at nearly $56 trillion between accounts at different financial institutions for payments including large B2B transactions or payroll direct deposit.
Others may recognize the ACH Network as…
ACH Network, Healthcare
October 19, 2020
ACH Operations Bulletin #7-2020 Nacha Provides Update on COVID-19 Relief and Upcoming Effective Dates
Approximately six months ago, Nacha issued several ACH Operations Bulletins and Frequently Asked Questions announcing relief from a variety of requirements of the Nacha Operating Rules due to the impact of the coronavirus pandemic. This ACH Operations Bulletin provides an update on…
ACH, ACH Network, ACH Operations, Operations Bulletin
September 18, 2020
When COVID-19 forced much of the world into lockdown it was unchartered territory for many, including Nacha Consulting, formerly Elevation Consulting. As it turns out, we’ve been busy in recent months, and noticed a common thread among our clients: they want anything tied to payments to be moved to…
ACH, ACH Network, ACH Operations, Non-ACH Payments (i.e. wires, credit/debit cards, etc.), Products and Solutions
September 15, 2020
As the coronavirus pandemic raged across the country, the U.S. government turned to Direct Deposit to deliver hundreds of millions of stimulus payments to Americans, not once, but twice.
The IRS reported that under the CARES Act, 122.5 million EIPs were made by Direct Deposit. When a…
ACH, ACH Network, ACH Operations, Advocacy, Direct Deposit, Direct Payment via ACH, Faster Payments, Legislative and Regulatory
September 9, 2020
ACH Supports Businesses, Nonprofits and Religious Organizations
Direct Deposit and Direct Payment can help businesses save time and cut costs. And, for nonprofits and religious organizations, Direct Payment helps manage and increase automatic donations.
ACH, ACH Network, ACH Operations, Direct Deposit, Direct Payment via ACH, Healthcare
June 9, 2020
Part 4 of 4 (Part 1, Part 2, Part 3)
Earlier this year, the Nacha Risk Management Advisory Group (RMAG) met to expand a previous RMAG initiative on the topic of risk and exposure management. This is the fourth and final article in a series of articles in which RMAG provides sound…
ACH, ACH Network, ACH Operations