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NASHVILLE, Tennessee —Presidents typically stand before Congress and proclaim the state of the union to be strong. Michael Herd was looking for a different adjective to describe the ACH State of the Union and came up with the perfect fit: “historic.” …
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 …
While there’s an overwhelming desire to return to pre-pandemic life, some changes to the payments landscape are likely permanent—and that’s a good thing. “Every payment type across the board that logically made sense has seen increases in ACH and I don’t …
New payment rails is a growth industry, says Gene Neyer of U.S. Bank. “This is an incredibly interesting and vibrant area,” he added. Neyer joins Josh Karoly of Netflix, Kathy Strasser of IncredibleBank, and Connie Theien of the Federal Reserve Bank of …
The third window for submitting Same Day ACH payments to the ACH Network has quickly gained acceptance among financial institutions, according to new survey results conducted by Nacha and its Risk Management Advisory Group (RMAG). The extension of Same …
As the pandemic winds down, both consumers and merchants are beginning to figure out what the “new normal” will be. This is especially true for the way they interact with money. People are paying at the register with their phones, and merchants are …
Contact: Media Relations Robust growth continued for the modern ACH Network in the second quarter of 2021. Payment volume climbed 9.9%, with particularly strong growth in business-to-business (B2B) payments. The ACH Network processed 7.3 billion payments …
Nearly five years ago, shortly after Nacha launched Same Day ACH, its Risk Management Advisory Group (RMAG) conducted a survey. It posed many questions to both Originating Depository Financial Institutions (ODFIs) and Receiving Depository Financial …
Nacha Marks Fifth Anniversary Since Inception of Same Day ACH With Same Day ACH about to mark its fifth anniversary, new figures from Nacha show astounding growth for this faster payment method. In the second quarter of 2021, Same Day ACH payment volume …