Taking a checklist approach to help ODFIs respond to instances of credit-push fraud.

For any administration, regardless of party, the financial world always puts a lot on your plate. The third year of the Biden administration is no different, and Nacha’s Government Relations Advisory Group (GRAG) recently learned what some of the policy issues will be priorities for not only the administration but the 118th Congress.

High-quality, relevant CLE from the comfort of your La-Z-Boy Recliner? Or while you work out in your gym? Yes, please! Even better: It's free for lawyers! Circle your calendar for this year's ACH Legal & Compliance Summit.

With some $485 billion in annual donations at stake, Nacha is working to help more nonprofits to accept ACH donations.

Nacha's efforts to get healthcare providers to use ACH for claim payments are paying off, with about 453 million healthcare claims paid by ACH last year, up 6.3% from 2021. 

A checklist approach to payments could help Originators comply with rules and regulations, avoid errors, and reduce fraud. We have a basic electronic payment checklist to consider.

Have you registered for Smarter Faster Payments 2023? You should. Here's why.

The numbers tell the story: The ACH Network is a bright spot amid the economic uncertainty of 2022.

Members of Nacha's Risk Management Advisory Group (RMAG) have guidance to help other financial institutions identify credit-push fraud and assist in recovering funds for the victims of these schemes.

Nacha's Risk Management Advisory Group (RMAG) met in-person in October with an agenda focused on the themes of the “New Risk Management Framework for the Era of Credit-Push Fraud.” One of the main themes discussed was the role that Receiving Depository Financial Institutions (RDFIs) should play in detecting, preventing, and recovering funds from frauds that utilize ACH and other credits.

Another milestone for Same Day ACH as it notches its 2 billionth payment.

Some of Nacha’s top leaders were among those informing and enlightening participants at AFP 2022 in Philadelphia.

A timely reminder that the six-month grace period for Third-Party Senders to conduct a risk assessment and implement a risk management program ends on March 31, 2023.

The ability to quickly receive pandemic-related benefits led some of the nation’s previously “unbanked” households to open bank accounts, which contributed to a continuing decline in the number of unbanked Americans, a new FDIC report found. 

Introducing PaymentsIQ by Nacha: The payments education that works with both your schedule and your wallet.

A new survey from the Association for Financial Professionals (AFP) shows B2B payments are rapidly moving away from checks in favor of ACH and other electronic payments.

Fraud keeps changing. As it does, participants in the payments system need to understand and adapt to emerging fraud scenarios and develop counterstrategies to help protect their customers and themselves. 

Direct Deposit continues to be the overwhelming choice for Americans to receive their wages. In its 2022 “Getting Paid in America” survey, the American Payroll Association (APA) found that more than 93% of those questioned use Direct Deposit.

Changes are coming in September with new late night ACH file deliveries to financial institutions that are Receiving Depository Financial Institution (RDFI) clients of both the Federal Reserve and The Clearing House.

Direct Deposit is a great way to save time and get your Labor Day festivities started sooner.