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Failure is not an option when making a payment—though it can become a reality if the wrong routing number is used. “If there is a payment failure it ultimately means that there is someone who doesn’t get their payment on time, someone who doesn’t get …
Statement from Jane Larimer, CEO of Nacha, on White House Executive Order to Phase Out Checks for Federal Payments
Nacha applauds the White House’s executive order to eliminate the use of paper checks for federal disbursements by Sept. 30, 2025, and for receipts as soon as practicable. Paper checks are slow, costly, and prone to theft and fraud, especially in …
More Money Per Donation . Monthly gifts from donors using electronic bank transfers are on average 55% higher than with other payment types. Make Donating Easier . No more counting or carrying cash or checks. Instead, donations made by electronic bank …
HERNDON, Virginia , March 8, 2023 – The Nacha Top 50 rankings of financial institution originators and receivers of ACH payments for 2022 are now available. Among originating financial institutions, the Top 50 handled ACH volume of more than 26.2 billion …
Part Two. Read Part One . When you look at the costs for businesses to make and receive payments it can be a real eye-opener. A new report from the Association for Financial Professionals (AFP) highlights the disparities between the costs of ACH and check …
Shauna Wesley-Baxley remembers a time when Johnson & Johnson Insurance made all its payments—from vendor and payroll to consumer reimbursements—by check, and she’s not nostalgic for it. “A nightmare between filing and trying to keep track of everything,” …
You want more ACH payments from your customers because ACH: Costs less than check and card payments; Requires less labor to process than checks and you can’t increase hires (or have to decrease head count); Clears quickly for improved cash flow; Provides …