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Tag: Blog

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Help us spread the word on social media that Direct Deposit delivers using sample posts for Twitter, Facebook and LinkedIn. #DirectDepositDelivers
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The criticism that the speed of the ACH Network slowed down stimulus payments, misguided as it is, misses the fact that the rail performed extraordinarily well. In a single day, the ACH Network supported 81 million payments without issue, in addition to its regular payment volumes.
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October 30 is the deadline for financial institutions to enter required information in the ACH Contact Registry. Now is the time to get this done and be in compliance with the Nacha Operating Rules.
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When COVID-19 forced much of the world into lockdown it was unchartered territory for many, including Nacha Elevation Consulting. As it turns out, we’ve been busy in recent months, and noticed a common thread among our clients: they want anything tied to payments to be moved to all digital.
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With paper check use declining and electronic payment methods on the rise, the ACH Network has grown tremendously in recent years. A recent PaymentsJournal podcast unpacked how this growth continued into 2020, even as the pandemic disrupted regular economic activity. In fact, the pandemic underscored just how reliable and valuable the ACH Network is to commercial and economic activity.
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Business Email Compromise is a major concern today, but it appears that the recent enhancement to Same Day ACH has not resulted in any increase in criminal activity, an informal Nacha survey found.
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 Discussing the effects of the COVID-19 pandemic on payments.
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In the U.S., pandemic-related lockdowns brought much of the economy to a standstill, and people largely shifted their activity online.

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In just the first month, nearly 9,400 contacts were registered in the new ACH Contact Registry. And there are already success stories being told.
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Join the Alliance on Aug. 13 to discuss how the pandemic is affecting electronic payments and innovation.
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Mercator Advisory Group and Nacha discuss the findings of a new white paper that finds that the American economy runs on ACH
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The ACH Contact Registry is coming soon. Nacha has the top six reasons to make sure your financial institution is prepared.
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This is the final article in a series in which the Nacha Risk Management Advisory Group provides sound business practices on various risk management topics based on its experience and expertise.
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The ACH Network is woven into the daily payment activity of American consumers, businesses and government, says a Mercator Advisory Group white paper published today titled, “The Expanding Role of ACH in the Era of Faster Payments.”
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This is the second in a series of articles in which the Nacha Risk Management Advisory Group provides sound business practices on various risk management topics based on its experience and expertise.
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In a recent webinar, two Nacha experts spotlighted how ACH donations can help churches, especially during the pandemic.
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This is the first in a series of articles in which the Nacha Risk Management Advisory Group provides sound business practices on various risk management topics based on its experience and expertise.
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It can be challenging to find the right person at another financial institution to help with an ACH issue; that’s where the new ACH Contact Registry is going to help.  Authorized users at the nation’s financial institutions will have access to the Registry, which opens July 1 for all financial institutions to begin adding contact information.
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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.