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August 12, 2020
Nacha today announced that Visa joined a growing list of partners piloting Phixius – a payment-information exchange platform that helps credentialed service providers share and manage electronic payments information, making pre and post payments processing more efficient and secure than…
August 6, 2020
Nacha is moving Smarter Faster Payments 2021 from April 25-28 to Aug. 9-12, 2021 (shifting from a Sunday-Wednesday to a Monday-Thursday format). The conference will still be located at the Moscone Center in San Francisco, CA and include the same unparalleled payments education, dynamic exhibit hall…
August 5, 2020
In the best of times, things can get hectic in a hurry. And the last few months haven’t exactly been the best of times. Which makes it that much more important to simplify your financial life.
The first week of August is Simplify Your Life Week, and on a personal level, one of the easiest…
ACH, Direct Deposit, Direct Payment via ACH
August 4, 2020
SBA Inspector General Reports ‘Widespread’ Fraud in Economic Injury Disaster Loan Program
On July 28, 2020 the Office of the Inspector General for the U.S. Small Business Administration issued a memo reporting findings of "widespread potential fraud" in the agency’s flagship Economic Injury…
Government Relations News
August 4, 2020
On July 28, 2020 the Office of the Inspector General for the U.S. Small Business Administration issued a memo reporting findings of "widespread potential fraud" in the agency’s flagship Economic Injury Disaster Loan (EDIL) program (separate from the Paycheck Protection Program) for coronavirus…
Government Relations Policy Updates
August 4, 2020
The Consumer Financial Protection Bureau (CFPB) has announced that the agency plans to ask for input later this year via an advance notice of proposed rulemaking (ANPR) regarding implementation of Section 1033 of the Dodd-Frank Act, which governs consumers’ access to their financial data.
The…
Government Relations Policy Updates
August 4, 2020
In just a few days, Alliance members will gather virtually to discuss how payments of all varieties (electronic, contactless, Same Day, real-time and more) have fared during the COVID-19 pandemic. The day will include six action-packed sessions that will dissect what the “new normal” means for the…
Innovation
August 3, 2020
That didn’t take long at all.
The ACH Contact Registry opened for business on July 1, and within a matter of days there were success stories to tell. Like when Eric Wester at UMACHA got a call from a member needing help with a missing payroll credit. Wester suggested getting in touch with…
ACH, ACH Network