Every hour of every day, in corners of the world near and far, the men and women of the United States armed forces are hard at work keeping us safe. That’s why it’s important to pause every Nov. 11—Veterans Day—to remember the sacrifices so many have made for the rest of us.

Help us spread the word on social media that Direct Deposit delivers using sample posts for Twitter, Facebook and LinkedIn. #DirectDepositDelivers

Volume on the ACH Network totaled 6.8 billion payments in the third quarter of 2020, a 9% increase from the same period in 2019.

Approximately six months ago, Nacha issued several ACH Operations Bulletins and Frequently Asked Questions announcing relief from a variety of requirements of the Nacha Operating Rules due to the impact of the coronavirus pandemic.

The criticism that the speed of the ACH Network slowed down stimulus payments, misguided as it is, misses the fact that the rail performed extraordinarily well. In a single day, the ACH Network supported 81 million payments without issue, in addition to its regular payment volumes.

Nacha has approved eight new amendments to the Nacha Operating Rules governing the use of ACH payments.

October 30 is the deadline for financial institutions to enter required information in the ACH Contact Registry. Now is the time to get this done and be in compliance with the Nacha Operating Rules.

When COVID-19 forced much of the world into lockdown it was unchartered territory for many, including Nacha Elevation Consulting. As it turns out, we’ve been busy in recent months, and noticed a common thread among our clients: they want anything tied to payments to be moved to all digital.

With paper check use declining and electronic payment methods on the rise, the ACH Network has grown tremendously in recent years. A recent PaymentsJournal podcast unpacked how this growth continued into 2020, even as the pandemic disrupted regular economic activity. In fact, the pandemic underscored just how reliable and valuable the ACH Network is to commercial and economic activity.

Direct Deposit is fast and reliable, and it’s the way 93% American workers get paid. In addition to payroll, Direct Deposit can be used to receive reimbursements, bonuses and more. 

Written by experienced experts from both the private and the government sector, The Story of Payments: How The Industrialization of Trust Created the Modern Payments System tells the story of how payments – between people, merchants, employers and governments – emerged from the ancient system of barter and grew, through various technological implementations ranging from coins and paper money to checks, wire transfers and credit cards to today’s entirely electronic local and international payment systems.

Business Email Compromise is a major concern today, but it appears that the recent enhancement to Same Day ACH has not resulted in any increase in criminal activity, an informal Nacha survey found.

 Discussing the effects of the COVID-19 pandemic on payments.

In the U.S., pandemic-related lockdowns brought much of the economy to a standstill, and people largely shifted their activity online.

By Richard Oliver & George Warfel Jr.

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More than 97% of Recipients of Social Security and Veterans Benefits Rely on Direct Deposit.

In just the first month, nearly 9,400 contacts were registered in the new ACH Contact Registry. And there are already success stories being told.

The ACH Network reported payment volume growth of 7.9% in the second quarter of 2020, compared to the same period a year ago, reflecting the use of the Network to deliver economic assistance to individuals and businesses, as well as an acceleration in the shift from paying by paper check to paying electronically.