Displaying 161 - 180 of 244

Tag: ACH

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Nacha President and CEO Jane Larimer introduces two new videos. One is a look back on 2019's accomplishments, while the other focuses on 2020, including how Nacha is helping the nation during the national emergency.
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The ACH Network will continue to evolve and remain an important part of the nation's payments system, panelists said at a Smarter Faster Payments: Remote Connect session.
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A couple weeks ago, I wrote to inform you that the ACH Network was ready to handle the federal government’s Economic Impact Payments.

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Nacha has released ACH Network results for the first quarter of 2020.
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Nacha has released the Top 50 rankings of financial institution originators and receivers of ACH payments for 2019.
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Nacha President and CEO Jane Larimer says the modern ACH Network stands ready to get federal stimulus money into the bank accounts of the people who need it.
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Businesses that originate pre-authorized ACH debits for services that have been interrupted may face an elevated risk of returns.

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Sometimes, the unexpected happens, as we're seeing these days. It's a good lesson on why financial institutions should prepare now for the new ACH Contact Registry.
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The Nacha Rules require an RDFI to accept a consumer’s Written Statement of Unauthorized Debit (WSUD), and also require that the WSUD be signed or similarly authenticated.
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Nacha recently made a significant rule change to further enhance Same Day ACH, its own faster payments solution.

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The upcoming effective dates of the Rule on Supplementing Data Security Requirements are extended by one year, to June 30, 2021 and June 30, 2022, respectively. The effective dates of other approved and upcoming Rules remain in effect.
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While the current national emergency is impacting daily life and business operations, the ACH Network is operating normally. Using ACH payments can provide some assistance during this difficult time.
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With social distancing becoming the new normal for now, there's a way for Payments Associations and Financial Institutions to help their nonprofit clients, especially religious institutions.
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ACH Originators are currently preparing for an upcoming Nacha Operating Rule. Visit our Account Validation Resource Center for more information and resources to prepare.
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In light of the current need for organizations to reduce on-site staffing levels, Nacha is providing temporary relief from deadlines for delivery of certain records that are required under the Nacha Rules.