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Direct Deposits and Direct Payments are the smart and convenient way businesses, individuals, and government entities safely send and receive payments. Also known as direct debit, EFT, electronic bank transfer and eCheck, these types of payments move on …
In 2024, ACH payments moved $86.2 trillion across the U.S. financial system. Yet, despite this scale, many financial institutions still rely on manual, paper-based, or rules-driven processes that have been in place for decades. This challenge, coupled …
As a senior consultant within Nacha’s consulting group, I observe that one critical area of non-compliance with the Nacha Rules is related to ACH authorizations. ACH authorizations are the foundation under which Entries may be transmitted through the ACH …
Treasury and finance payments practitioners and payroll professionals at corporations, larger businesses and governmental organizations (federal, state and local) are big users of ACH payments—from paying bills and employees, to receiving payments for the …
Nacha has for many years advocated that dental and medical practices receive claim payments by ACH and avoid virtual credit cards (VCCs) and paper checks. Dental practices, however, all too often found insurance companies coaxing them to take claim …
Nacha is forming the Healthcare Payments Advisory Group to advance electronic payment workflows in healthcare. HPAG’s mission is to establish a collaborative environment with industry stakeholders; generate discussions around electronic funds transfer …
Nacha supports users having choices in electronic payments – including instant payments (such as FedNow and RTP), credit cards and wire. Electronic payment options can be complementary and give payment system users a choice based on their use case. This …
According to the U.S. Chamber of Commerce , "ACH payment acceptance saves small businesses money while improving customer experiences." Does your business currently take recurring payments? Do a significant proportion of your customers currently pay by …