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LAS VEGAS —Expect the forward-thinking, collaborative approach to payments innovation to continue, as the evolution of the payments industry remains in full swing, Nacha leaders told the opening session of Smarter Faster Payments 2023. “This collaboration …
Your dentist likely isn’t shy about telling you to floss more. And Nacha’s latest campaign with the American Dental Association (ADA) isn’t shy about encouraging dentists to switch to fully electronic claim payments. “Dental practices are leaving a lot of …
There are banks that look at Third-Party Senders and—right or wrong—have their doubts. Wayne Gonzales gets it. In his experience, many Originating Depository Financial Institutions (ODFIs) “really aren’t interested in Third-Party Senders because of the …
Episode 3: ACH for Nonprofits One of Nacha’s goals has been to increase the use of electronic bank transfers by charitable and religious groups. To that end, Nacha recently completed a major overhaul of its Nonprofit Toolkit, which has pretty much …
NASHVILLE, Tennessee —Sustainers are the lifeblood of most nonprofits, and Nacha’s research shows an opportunity to convert regular donors to sustaining donors using ACH. “But what we found was that only 25% of donors are using ACH for their recurring …
$484.85 billion. That’s how much Americans donated to charity in 2021, according to Giving USA. Of that total, 67%—nearly $327 billion—came from individuals. Now imagine the impact that could make if more of those donations were made by ACH. It’s a lofty …
Contact: Media Relations Learn More: Nonprofit Toolkit Nonprofits large and small will benefit by using Nacha’s newly updated Nonprofit Toolkit to encourage donations by electronic bank transfer via the ACH Network. The completely redesigned Toolkit, …
It’s called the ACH Contact Registry, but it’s being used for a whole lot more. Under the Nacha Rules, financial institutions must enter staff or departmental contacts for ACH operations and fraud/risk management. But there’s the option to list contacts …
For more than a year, Nacha and the Payment Associations have been urging financial institutions large and small to fulfill their obligations and enter required information in the ACH Contact Registry. Nacha made clear that after an extended grace period, …