As Same Day ACH marks its fifth anniversary, Nacha President and CEO Jane Larimer looks at some milestones and what's ahead.

It seems like the bad guys work night and day concocting new ways to separate people and businesses from their money. But when it comes to cybercrime, one scam tops the list: Business Email Compromise (BEC).

Like peanut butter and jelly or ice cream and hot fudge, fintechs and financial institutions can be a great pairing. But there’s a lot for both sides to think about when considering a partnership.

It’s expensive to be poor and unbanked. When a population is left out of the financial system, every transaction has to be done in person, which means walking and sometimes for hours, to pay for goods and services. And to move money, i.e. traveling in cash, from the big cities to rural areas is equally costly and even risky.

A panel of end users and practitioners discusses the key features and drivers of the FedNow Service – and whether they tend to adopt the new payments system when available – as well as how new payments rails may have changed their business models.

Payments Remote Connect builds on yesterday’s sessions and we invite you to try out something new by attending one of the lunch and learns that launch today. However, before we meet for lunch, we hope you’ll join us for our keynote address this morning, which touches on the importance – and the power – of perceptions in the workplace, key relationships needed to ensure your success, and the role authenticity plays in being a powerful leader.

L’chaim! Proost! Cheers! However you offer a toast, be sure to bring a glass to raise as you join us tomorrow at 4:30 p.m. ET for the NEACH Payments Group Comedy Show. We’ve got a drink idea to go with the show.

Speaking at the fifth annual Federal Reserve Town Hall at Smarter Faster Payments Remote Connect, Mark Gould, the Federal Reserve’s first Chief Payments Executive, said a key objective is collaboration with stakeholders to “improve the payments system broadly, with a focus on the speed, safety, and efficiency of domestic and cross-border payments.”

The last year and a half was turbulent, but through it all the ACH Network delivered for Americans when they needed it most, while also preparing for a strong future, Nacha President and CEO Jane Larimer said.

As digital payments trends settle in and become the norm for B2B transactions, what are the challenges financial institutions and corporates face? Panelists Sanjay Mathew of Oracle Corp., Christine Moy of Onyx by J.P. Morgan, and Alan Ng of Accenture discussed the current payments landscape and how stakeholders can adjust to this new, consistently shifting paradigm.

Payments Remote Connect gives you the best in payments education. From keynotes to the exhibit hall to our lunch and learns and each and every session, we will introduce you to new ideas, inspire you to try new things and motivate you to take the next step – whether in your payments career (to earn or maintain an AAP or APRP) or employing new technologies.

Regulation E and the Nacha Operating Rules each have a 60-day period that applies to unauthorized payments. But in complying with both Reg E and the Nacha Rules, understanding the differences in these periods is important.  

By now you’ve likely seen the ACH Network’s second quarter results for this year. While the 9.9% overall growth rate is proof that the ACH Network is thriving, it doesn’t tell the full story. To do that, you need to take a closer look at some of the numbers that factor in.

While there’s an overwhelming desire to return to pre-pandemic life, some changes to the payments landscape are likely permanent—and that’s a good thing.

Adopting the new APIs will help corporate banking customers better access detailed financial data across banking platforms

The ACH Network is the backbone of the U.S. financial system and benefits consumers, businesses and government agencies. While many consumers are unaware of the name ACH, they are aware of electronic bank transfers, electronic funds transfers and similar terms.

It’s called the ACH Contact Registry, but it’s being used for a whole lot more. Learn how a credit union uses the Registry to find contacts at other financial institutions to check on wires.

Meaningful Modernization is coming very soon. Learn more about it in this blog and the accompanying Nacha podcast.

A survey by RMAG found no increase in fraud attributable to the later hours for submitting Same Day ACH payments.

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!