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HERNDON, Virginia , Oct. 17, 2023 – Ongoing adoption of Same Day ACH and the continued increase in business-to-business (B2B) payments led the ACH Network to robust results in the third quarter of 2023. There were 212 million Same Day ACH payments with a …
Payments Innovation Alliance Releases Tabletop Exercise to Help Small to Medium-Sized Businesses Prepare for Cyberattacks
HERNDON, Va., Oct. 12, 2023 – Today, Nacha's Payments Innovation Alliance, a membership program bringing together diverse global stakeholders to transform the payments industry by cooperatively developing solutions, staying ahead of trends and unlocking …
It’s an issue vexing financial institutions big and small—while keeping Nacha’s National System of Fines busy handling disputes: proof of authorization. “There’s a lot of confusion surrounding what constitutes a valid proof of authorization,” said Lorie …
It’s been more than three years now—July 2020, to be exact—since the ACH Contact Registry went live. And as recently as August of last year, Nacha let everyone know it’s running spot checks on the data within the registry. Those checks are about to be …
It breaks my heart to share the news that Nacha’s beloved George Throckmorton has passed away. George was a colleague, a confidant and a friend. I knew George before he joined the Nacha team in 2006, and working alongside him these past 17 years, I had …
New companies make new opportunities. In Silicon Valley, “Move fast and break things” is the motto attributed to startups looking to enter a market quickly, fill a niche, and gain market share before competitors. This could certainly be the motto of some …
You wouldn’t take a cross-country drive using an old paper map. So, why would you try to follow the Nacha Rules using an outdated guide? Hopefully you wouldn’t, and that’s where the new 11th Edition of the ACH Compliance Manual comes in. “It is one place …
A common myth that Nacha frequently addresses regards the settlement speed of ACH payments. If you read the industry literature, you’ll likely see references such as 2-3 days, or, my least favorite, 3-5 days. Usually, the purveyors of this myth are …
We’re all abuzz with excitement -- there’s a new way to keep up with new developments in the payments industry. Buzzcasts is the new video series from the Payments Innovation Alliance, offering viewers fresh, hot takes on topics that will inform industry …