Nacha’s new Third-Party Sender Roles and Responsibilities Rule changes come into effect on September 30, 2022.

In just five short years, Same Day ACH – Nacha’s faster payments solution – has gained remarkable traction, with the payments community putting it to work in several use cases.  

Afinis Interoperability Standards released two APIs to assist financial institutions’ business clients with account ownership validation and with payment initiation. Afinis is a membership-based organization that focuses on the rapid delivery of APIs and other financial services standards across the U.S. and globally.

Nacha has named Dan Roth to the position of Senior Director, Communications.

The vast majority of cryptocurrency companies and platforms are increasingly interested in ACH. While at first glance it might not seem like a natural pairing, the synergy comes into focus for one prime reason: ACH gives a competitive edge. 

Routing numbers can change with mergers and acquisitions, or even be retired when no longer needed. Keeping track of routing numbers and which FIs they belong to can be challenging.

The APRP exam tests for comprehensive risk management knowledge across all payment types, including check, wire, debit, credit and prepaid cards, emerging and alternative payments, and ACH.

The future is now – or at least is in the works. Nacha’s new Alliance Project Team has kicked off and designed a plan for the first Faster Payments Professional Certificate, which will allow payments professionals to demonstrate proficiency in the field of faster payments. The team is on track to launch the program in early 2022.

Like peanut butter and jelly or ice cream and hot fudge, fintechs and financial institutions can be a great pairing. But there’s a lot for both sides to think about when considering a partnership.

It’s expensive to be poor and unbanked. When a population is left out of the financial system, every transaction has to be done in person, which means walking and sometimes for hours, to pay for goods and services. And to move money, i.e. traveling in cash, from the big cities to rural areas is equally costly and even risky.

A panel of end users and practitioners discusses the key features and drivers of the FedNow Service – and whether they tend to adopt the new payments system when available – as well as how new payments rails may have changed their business models.

Payments Remote Connect builds on yesterday’s sessions and we invite you to try out something new by attending one of the lunch and learns that launch today. However, before we meet for lunch, we hope you’ll join us for our keynote address this morning, which touches on the importance – and the power – of perceptions in the workplace, key relationships needed to ensure your success, and the role authenticity plays in being a powerful leader.

L’chaim! Proost! Cheers! However you offer a toast, be sure to bring a glass to raise as you join us tomorrow at 4:30 p.m. ET for the NEACH Payments Group Comedy Show. We’ve got a drink idea to go with the show.

Speaking at the fifth annual Federal Reserve Town Hall at Smarter Faster Payments Remote Connect, Mark Gould, the Federal Reserve’s first Chief Payments Executive, said a key objective is collaboration with stakeholders to “improve the payments system broadly, with a focus on the speed, safety, and efficiency of domestic and cross-border payments.”

The last year and a half was turbulent, but through it all the ACH Network delivered for Americans when they needed it most, while also preparing for a strong future, Nacha President and CEO Jane Larimer said.

As digital payments trends settle in and become the norm for B2B transactions, what are the challenges financial institutions and corporates face? Panelists Sanjay Mathew of Oracle Corp., Christine Moy of Onyx by J.P. Morgan, and Alan Ng of Accenture discussed the current payments landscape and how stakeholders can adjust to this new, consistently shifting paradigm.

Payments Remote Connect gives you the best in payments education. From keynotes to the exhibit hall to our lunch and learns and each and every session, we will introduce you to new ideas, inspire you to try new things and motivate you to take the next step – whether in your payments career (to earn or maintain an AAP or APRP) or employing new technologies.

While there’s an overwhelming desire to return to pre-pandemic life, some changes to the payments landscape are likely permanent—and that’s a good thing.

Adopting the new APIs will help corporate banking customers better access detailed financial data across banking platforms

Adopting the new application programming interfaces will help corporate banking customers better access detailed financial data across banking platforms.