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Payment Power: How ACH Optimizes Speed, Cost, and Control
ACH payments operate under the Nacha Operating Rules and Guidelines, providing a standard set of ACH Network Rules and operating practices that link thousands of financial institutions, millions of businesses and consumers to a ubiquitous payment …
Banks and Corporates Work to Raise Awareness of Nacha Rules Changes
SAN DIEGO —Keeping up with Nacha Rules changes can be challenging, but for her fellow payments professionals working at corporates, Lee-Ann Perkins stresses a message of self-reliance. “As corporates, we cannot outsource compliance. We cannot outsource …
Nacha Seeks Input on Proposal to Raise the Same Day ACH Transaction Limit to $10 Million
On Monday, Nov. 10, Nacha announced it is seeking public comments on the proposed change to the Nacha Operating Rules that would increase the per-transaction dollar limit for Same Day ACH payments from $1 million to $10 million. Corporate end users are …
Is Your Cybersecurity Effective? Have a Hacker Check
Want to know how good your company’s cybersecurity is? Hire a hacker.  “You need to prepare. That means training. That means practicing,” said Matthew Simmons, Head of Vulnerability and Patch Management, Technology Executive at Wells Fargo. Simmons …
Nacha Board Chair Says ‘The Future is Solid’ for ACH
Ask Joe Hussey about the prospects for the ACH Network and he’ll tell you why he believes “the future is solid.” It starts with the more than 33 billion payments processed annually.  “That is core to the U.S. infrastructure. It’s core to the economic …