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Checks Still the Payment Method Most Susceptible to Fraud There’s encouraging news in the war on Business Email Compromise (BEC), though the numbers remain cause for concern. “Sixty-eight percent of organizations were targeted by BEC in 2021, eight …
NASHVILLE, Tennessee —In a New York City public school, barely 3 miles from Yankee Stadium, the idea that became DonorsChoose was born out of necessity. “When I started teaching in the Bronx, I saw firsthand that all schools are not created equal. My …
NASHVILLE, Tennessee —Could FedNow pave the way for more ACH settlement windows? A major stumbling block to expanding ACH hours is that the Federal Reserve’s National Settlement Service (NSS) for interbank settlement closes at the end of the business day …
NASHVILLE, Tennessee —The financial industry looks a lot different than when the Federal Reserve opened for business in 1914, and changes keep coming. That has the Fed rethinking some of the ways it operates. “Like many of you we’re watching the payments …
HERNDON, Virginia, May 31, 2022 – Nacha announced today the addition of Evolve Bank & Trust as a Nacha Direct Financial Institution Member. Nacha now has 44 Direct Members , consisting of financial institutions and Payments Associations (PAs) that …
ACH end users have consistently and constantly asked for higher dollar limits for Same Day ACH payments. In March 2020, the original limit of $25,000 was raised to $100,000. Then, two years later in March 2022, the limit was increased again to $1 million …
Nacha’s Phixius Platform Announces Partnership with Aliaswire to Provide Small Volume ACH Users Account Verification Option
HERNDON, Virginia, June 6, 2022 – Today, Nacha announced a partnership with Phixius and Aliaswire that will enable financial institutions, fintechs and businesses that originate a small volume of ACH transactions to comply with Nacha’s WEB Debit Account …
Even if you’ve been in payments for decades, no one in the industry can know it all. “There’s always something new to learn,” said Mary Gilmeister, AAP, NCP, President and CEO of Macha. She’s also the 2022 Dean of the Payments Institute (TPI) . This year …
With one new Nacha Rule just taking effect last month and two others right behind in September, Nacha has a wealth of new and refreshed materials to help you along. On June 30, Phase Two of Supplementing Data Security Requirements took effect, expanding …