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July 7, 2020
As communities begin to recover from the effects of COVID-19, businesses also are starting the long process of returning to normal – slowly, but surely. And there are definitely some lessons learned. The key one, of course, is how to make payments remotely.
For some small and medium-sized…
ACH, ACH Network, Direct Deposit, Direct Payment via ACH
July 2, 2020
Dr. Amy Adair, a pediatric dentist in Northern Virginia, wrote an opinion piece on why electronic funds transfers (EFTs) for claims payments work well for dentists, especially during the pandemic. It appeared in the American Dental Association's ADA News.
Earlier this year, Nacha did a case…
July 1, 2020
July is the time we take a moment to celebrate America’s independence. While the coronavirus might have ruled out fireworks shows or a trip to the beach, it shouldn’t impede your path to financial independence.
Saving money every payday is the first step, and Direct Deposit is a great way to…
Direct Deposit
June 30, 2020
The Supreme Court ruled in a 5-4 decision (Roberts) that the CFPB’s single-director structure / “for cause” provision is unconstitutional. A separate 7-2 opinion (Roberts, Alito, Kavanaugh) ruled that the removal provision can be severed from the rest of Dodd Frank, which means the CFPB will…
Government Relations News
June 30, 2020
The Supreme Court ruled in a 5-4 decision (Roberts) that the CFPB’s single-director structure / “for cause” provision is unconstitutional. A separate 7-2 opinion (Roberts, Alito, Kavanaugh) ruled that the removal provision can be severed from the rest of Dodd Frank, which means the CFPB will…
Government Relations Policy Updates
June 29, 2020
Nacha Announces Lyons Commercial Data as a Preferred Partner for Routing Number, and Account & Ownership Verification
Lyons Commercial Data is now a Nacha Preferred Partner for Routing Number, and Account and Ownership Verification. In becoming a Preferred Partner, Lyons Commercial Data joins a select group of innovators whose offerings align with Nacha’s strategies to advance the ACH Network.
“Verifying…
ACH, ACH Network, Products and Solutions
June 23, 2020
(Part 2)
Third-Party Senders are an important part of the ACH Network, providing a range of services to Originators and ODFIs. This is the first of two articles in which Nacha’s Risk Management Advisory Group (RMAG) provides advice on sound business practices surrounding Third-Party Senders…
June 19, 2020
(Part 1)
Third-Party Senders are an important part of the ACH Network providing a range of services to Originators and ODFIs. This is the second of two articles in which Nacha’s Risk Management Advisory Group (RMAG) provides advice on sound business practices surrounding Third-Party Senders.…
June 16, 2020
Nacha Meets with Treasury Staff and Operators to Discuss Stimulus Payments
Nacha staff recently met with representatives from Treasury, IRS, Fiscal Services and the ACH Operators to discuss lessons learned from the recent U.S. stimulus payments to U.S. citizens to help boost our economy due to the…
Government Relations News
June 16, 2020
Nacha staff recently met with representatives from Treasury, IRS, Fiscal Services and the ACH Operators to discuss lessons learned from the recent U.S. stimulus payments to U.S. citizens to help boost our economy due to the COVID-19 pandemic. The majority of the payments were made swiftly and…
Government Relations Policy Updates