Learn more about the Limitation on Warranty Claims Rule effective June 30, 2021.

The ACH Network set two records in the first quarter of 2021, and Same Day ACH marked its 1 billionth payment.

You’ve got questions. We’ve got answers. Lots of answers. Four new Nacha Operating Rules take effect later this year, and your preparations should be underway. But questions are inevitable and Nacha is here to help.

It's time to be sure your bank or credit union is registered on the ACH Contact Registry. Enforcement will start Aug. 1.

Same Day ACH payments will be further enhanced with a new $1 million per transaction limit. Nacha members approved a measure to increase the per-payment maximum from the current $100,000 to $1 million effective March 18, 2022. It will apply to all eligible Same Day ACH payments, including credits and debits for both businesses and consumers.

Test and refine your knowledge anytime, anywhere you take your mobile device! This self-study tool is great for APRP exam preparation. Choose to study one focus area at a time or all areas together.

Nacha releases its Top 50 rankings of financial institution originators and receivers of ACH payments for 2020.

When a transaction involves the use of a payment intermediary (e.g., a Third-Party Service Provider that performs some aspect of payment processing on behalf of a client), those ACH roles may not always be easily identifiable. That’s why Nacha developed and recently updated the Third-Party Sender Identification Tool.

It’s anything but a quiet Friday at Nacha. There are some big changes taking effect today (March 19) at the ACH Network: Same Day ACH, Account Validation and economic impact payments.

ACH payments provide clear benefits compared to check payments. If your company currently does not send ACH payments to vendors/suppliers, you can contact your bank for recommendations on how to get started with sending ACH payments. 

From the beginning in 2016 to the later hours in 2021, how Same Day ACH has seen a major enhancement every year.

Passage of the American Rescue Plan Act of 2021 into law provides relief for tens of millions of Americans. The ACH Network is ready to deliver these relief payments via Direct Deposit, with funds available to people on the day instructed by the IRS.

As the ACH Network grows, part of that growth can be attributed to an increase in consumer payments made via the internet and mobile devices. With that growth comes a need to ensure account information is accurate before ACH debits are originated. It's one reason why Nacha is implementing the Supplementing Fraud Detection Standards for WEB Debits Rule – often called the Account Validation Rule

Nacha has approved Nacha Certified status for Bill.com, a leading cloud-based software platform which facilitates ACH payments. 

This rule will continue to expand the capabilities of Same Day ACH. Increasing the Same Day ACH dollar limit to $1 million per payment is expected to improve Same Day ACH use cases, and contribute to additional adoption.

The Limitation on Warranty Claims limits the length of time in which an RDFI will be permitted to make a claim against the ODFI’s authorization warranty. The rule will become effective June 30, 2021.

By Richard Oliver & George Warfel Jr.

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These Rules intend to improve and simplify the ACH user-experience by: Facilitating the adoption of new technologies and channels for the authorization and initiation of ACH payments; Reducing barriers to use of the ACH; Providing clarity and increasing consistency around certain ACH authorization processes; and Reducing certain administrative burdens related to ACH authorizations

There are banks that look at Third-Party Senders and—right or wrong—have their doubts. Wayne Gonzales gets it.