Today, Nacha released the following statement by President and CEO Jane Larimer on the December 2021 update to the Federal Reserve Payments Study.

This Rule will define and standardize practices and formatting of Micro-Entries, which are used by some ACH Originators as a method of account validation.

A review of the changes to the Nacha Operating Rules in 2021, and what's coming in 2022.

In a recent podcast interview, Nacha’s Brad Smith discusses BNPL and the ACH Network.

In just five short years, Same Day ACH – Nacha’s faster payments solution – has gained remarkable traction, with the payments community putting it to work in several use cases.  

An expert in the field of charitable giving says Nacha's Nonprofit Toolkit has a wide range of resources that nonprofits of all sizes will find helpful.

The vast majority of cryptocurrency companies and platforms are increasingly interested in ACH. While at first glance it might not seem like a natural pairing, the synergy comes into focus for one prime reason: ACH gives a competitive edge. 

Routing numbers can change with mergers and acquisitions, or even be retired when no longer needed. Keeping track of routing numbers and which FIs they belong to can be challenging.

This Rule clarifies the roles and responsibilities of Third-Party Senders (TPS) in the ACH Network by addressing the existing practice of Nested Third-Party Sender relationships, and making explicit and clarifying the requirement that a TPS conduct a Risk Assessment.

These changes will amend the Nacha Operating Rules (Rules) to address a variety of minor topics related to Meaningful Modernization, an ACH Operator edit and expiration of stop payments on non-consumer accounts.

Your sales are humming along, bills and invoices are being sent to customers, and the payments are flowing back to your company—and there are a lot of payments. That’s good news. But, that’s also where Goofus processes may lurk!

As the pandemic winds down, both consumers and merchants are beginning  to figure out what the “new normal” will be. This is especially true for the way they interact with money. People are paying at the register with their phones, and merchants are accepting alternative payment methods.

Nacha’s Risk Management Advisory Group has been evaluating potential risk increases and decreases due to Same Day ACH. It has consistently found no justification to fears that Same Day ACH would introduce massive amounts of risk.

The Nacha Risk Management Advisory Group (RMAG) held a series of discussions on the topic of Third-Party Senders (TPSs) and the ODFIs that process for them. RMAG developed sound business practices for ODFIs for both the onboarding of new TPS clients and the ongoing monitoring of existing TPS clients.

“What is the difference between EFT, ACH and EDI?” We often get asked this question from business financial teams - even from seasoned financial pros. The quick answer is that all ACH (Automated Clearing House) payments are EFTs (Electronic Funds Transfers), but not all EFT payments are ACH. And EDI (Electronic Data Interchange) is a data format, not a payment.

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Access to the Rules & Guidelines helps to identify new opportunities to leverage the ACH Network to meet customer’s needs, while maintaining a clear understanding of network requirements.

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.

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.

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.