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A recently approved change to the Nacha Rules will accelerate funds available for some ACH credits. Under the existing Rules governing standard ACH payments, if a Receiving Depository Financial Institution (RDFI) receives files from an ACH Operator by 5 …
Each depository financial institution that transmits or receives ACH entries is required to pay Nacha an Annual Fee and a Per-Entry Fee for costs associated with the administration of the ACH Network. The fee amounts are set to recover costs of the ACH …
The Nacha Risk Management Advisory Group (RMAG) has developed sound business practices for ODFIs for both the onboarding of new Third-Party Sender (TPS) clients and the ongoing monitoring of existing TPS clients. Following recent discussions on the topic …
Even before the first phase of Same Day ACH was implemented nearly five years ago in September 2016, Nacha’s Risk Management Advisory Group (RMAG) had been evaluating potential risk increases and decreases due to Same Day ACH. Were the doom and gloom …
It’s all well and good to say you’ll save some money next week. The hard part is actually doing it. But having some of your pay automatically go to savings makes things a lot easier. That proposition is at the heart of a new campaign called Wisconsin …
When Nacha set out to revamp its Nonprofit Toolkit , the goal was to make it as helpful as possible for nonprofits looking to start or enhance a donation program using electronic bank transfer (ACH). An expert in the field of charitable giving is …
Contact: Media Relations Today, Nacha released the following statement by President and CEO Jane Larimer on the December 2021 update to the Federal Reserve Payments Study : “The latest update to the Federal Reserve Payments Study highlights the importance …
HERNDON, Va., April 5, 2022 - Nacha’s Top 50 rankings of financial institution originators and receivers of ACH payments for 2021 are now available. The Top 50 originating institutions saw total ACH volume of nearly 25 billion payments last year, an …
Whether it’s for the ACH Network, education for payments professionals or a host of other things we do, Nacha is always moving forward. There are some very exciting things coming in 2023 and I’d like to take a little time to update you. Same Day ACH is a …