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Herndon, VA – Today, Nacha President and CEO Jane Larimer released the following statement in response to the Federal Reserve announcing its FedNow Service is now live: “Nacha congratulates the Federal Reserve on the launch of FedNow. It is a significant …
HERNDON, Virginia , July 25, 2023 – The use of Same Day ACH payments grew significantly in the first half of 2023, powering the modern ACH Network to help meet the nation’s needs for faster payments, Nacha reported today. For the first half of 2023, the …
Summertime and the living is busy. At least for Nacha’s Industry Engagement team, which year-round promotes the benefits of ACH payments for specific industry use cases. High on that list are nonprofits, which recently brought the team to Atlanta for what …
If an Originator realizes it has fallen victim to credit-push fraud, the only obvious fact may be that a payment didn’t reach the intended Receiver. Beyond that, a flurry of questions can create uncertainty at a time that calls for decisive action. A …
For more than a decade, Nacha has actively encouraged healthcare providers to move away from checks and receive claim payments by ACH. Since January 2014 the Nacha “CCD+Addenda” has been the healthcare EFT standard designated by the Department of Health …
The Risk Management Advisory Group (RMAG) recently released blogs offering a checklist approach for Originators and for ODFIs responding to instances of credit-push fraud. These checklists can help Originators and ODFIs think through how they plan their …
No matter the industry, issues are going to come up between one party and another. ACH is no exception, and when financial institutions can’t work things out among themselves, Nacha’s System of Fines is available to adjudicate any alleged Nacha Rules …
A common myth that Nacha frequently addresses regards the settlement speed of ACH payments. If you read the industry literature, you’ll likely see references such as 2-3 days, or, my least favorite, 3-5 days. Usually, the purveyors of this myth are …
You wouldn’t take a cross-country drive using an old paper map. So, why would you try to follow the Nacha Rules using an outdated guide? Hopefully you wouldn’t, and that’s where the new 11th Edition of the ACH Compliance Manual comes in. “It is one place …