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Statement from Jane Larimer, CEO of Nacha, on White House Executive Order to Phase Out Checks for Federal Payments
Nacha applauds the White House’s executive order to eliminate the use of paper checks for federal disbursements by Sept. 30, 2025, and for receipts as soon as practicable. Paper checks are slow, costly, and prone to theft and fraud, especially in …
The Nacha Rules require financial institutions to establish, implement, and periodically review exposure limits for their Third-Party Sender (TPS) customers and for their Originator customers. Third-Party Senders are also required to do the same for their …
Here’s an eye-opening stat: “By 2030, 75% of the workforce is going to be millennials and Gen Zs,” said Christina Daves. “So, we’ve got to lead in a way that they want to be led.” But knowing what that entails isn’t always easy. That’s where Daves, a …