Tag: ACH
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.
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.
This edition of the ACH Compliance Manual is essential for AAP and APRP exam candidates and those prepping for ACH audits or regulatory examinations.
When I say “risk management,” most people immediately think of preventing fraud and stopping the bad guys. While this is a big part of what we do in risk management, it isn’t the whole picture.
Summertime and the living is easy. Unless, of course, you’re a young person spending those days (and maybe nights) hard at work earning money to pay for school. If that’s you, or you know someone who fits the description, Direct Deposit can make payday a whole lot easier.
When Nacha says “Direct Deposit Delivers” we mean it. A new paper from the federal government helps back that up.
Nacha is requesting industry comment on nine proposals to amend the Nacha Rules. These proposals concern risk management and are substantially oriented towards reducing the incidence of successful fraud and improving the recovery of funds within the ACH Network.
March 2023 marked the 5-year anniversary of the effective date of Phase 3 of the original Same Day ACH rules. Those rules provide for a review of the amount of the Same Day ACH fee as of this 5-year date.