HERNDON, Virginia, Feb. 14, 2024 – Led by strong growth in Same Day ACH and business-to-business (B2B) payments, the ACH Network securely handled 31.5 billion payments valued at $80.1 trillion in 2023.

It’s been one of Nacha’s main focuses in recent years: Encouraging healthcare professionals—especially dentists—to receive claim payments by electronic funds transfer, or EFT. There’s new evidence that these efforts are paying off.

A decade-long increase in medical and dental professionals receiving claim payments by EFT continued in 2023.

HERNDON, Virginia, Oct. 17, 2023 – Ongoing adoption of Same Day ACH and the continued increase in business-to-business (B2B) payments led the ACH Network to robust results in the third quarter of 2023.

Growing cybersecurity threats and regulatory concerns have amplified the need for increased operational resilience around all critical banking and payments functions.

It’s an issue vexing financial institutions big and small—while keeping Nacha’s National System of Fines busy handling disputes: proof of authorization.

It’s been more than three years now—July 2020, to be exact—since the ACH Contact Registry went live. And as recently as August of last year, Nacha let everyone know it’s running spot checks on the data within the registry.

Those checks are about to be ramped up. 

You wouldn’t take a cross-country drive using an old paper map. So, why would you try to follow the Nacha Rules using an outdated guide?

A common myth that Nacha frequently addresses regards the settlement speed of ACH payments.  If you read the industry literature, you’ll likely see references such as 2-3 days, or, my least favorite, 3-5 days.

No matter the industry, issues are going to come up between one party and another. ACH is no exception, and when financial institutions can’t work things out among themselves, Nacha’s System of Fines is available to adjudicate any alleged Nacha Rules violations. 

For more than a decade, Nacha has actively encouraged healthcare providers to move away from checks and receive claim payments by ACH.

Summertime and the living is busy. At least for Nacha’s Industry Engagement team, which year-round promotes the benefits of ACH payments for specific industry use cases.

HERNDON, Virginia, July 25, 2023 – The use of Same Day ACH payments grew significantly in the first half of 2023, powering the modern ACH Network to help meet the nation’s needs for faster payments, Nacha reported today.

If an Originator realizes it has fallen victim to credit-push fraud, the only obvious fact may be that a payment didn’t reach the intended Receiver. Beyond that, a flurry of questions can create uncertainty at a time that calls for decisive action.

Nacha supports users having choices in electronic payments – including instant payments (such as FedNow and RTP), credit cards and wire.

Herndon, VA – Today, Nacha President and CEO Jane Larimer released the following statement in response to the Federal Reserve announcing its FedNow Service is now live: 

You don’t have to look too hard to find evidence that check fraud is a huge problem that’s only getting worse:

There’s a lot going on in the payments industry, making it important to get out in front of lawmakers and their staffs to help bring them up to speed. That’s why Nacha holds its annual Hill Day to help educate Congress on the importance of ACH payments to their constituents.

Season 3, Episode 4: Nacha Members Climb Capitol Hill

Tax payments are extremely important. Whether you’re an Originator or provider, you need to be making sure you’re using both the correct banking conventions and tax payment type code. That’s why Nacha is offering this short refresher.