While Rodgers’ and Hammerstein’s favorite things may have been raindrops on roses, whiskers on kittens and warm woolen mittens, for Nacha some of our favorite things include Direct Deposit and Split Deposit. Throughout 2020, we shared some of our favorite things in posts from Hollywood to a community church in Maryland to tips for simplifying your financial life.

It’s been more than two years since Nacha members approved a new Nacha Operating Rule on account validation for Internet-initiated debits. With the change of the calendar to 2021, the effective date of March 19 is just about upon us.

The IRS and the U.S. Treasury have confirmed that 113 million EIPs by ACH are being processed this week, with an effective date of Monday, Jan. 4, 2021. Under the Nacha Rules, RDFIs must make funds available by 9:00 a.m. (RDFI local time) on Jan. 4.

The online educational tool has been updated to help businesses adopt ACH as their preferred payment method for B2B and B2C payments.

In your list of new year’s resolutions, how about one to add your information to the ACH Contact Registry?

Teressa Frazier and her finance team had a routine. Immediately after worship service every Sunday at Victory Grace Center, they would walk around handing out envelopes containing pay checks to church staff and contractors.

New Year’s Day 2021 brings with it a change to the Nacha Operating Rules. If you haven’t already, the time to familiarize yourself is now. 

File holders, you know who you are, but for those who don’t, allow us to explain. 

Property management is a big business that handles a lot of money, with managers collecting rents from tenants and then forwarding the funds to owners. As payments increasingly move online and away from paper checks, a fair share of those funds flow through the ACH Network.

With the unexpected uptick in their business in the midst of a pandemic, having customers make ACH payments has been a true benefit to the Littlejohns as these electronic payments are easy, convenient, low cost and secure.

Nacha is requesting comment on a proposal to increase the dollar limit for Same Day ACH payments. 

Consumers and businesses have come to trust the ACH Network as a secure way to receive their pay with Direct Deposit, pay bills through Direct Payment, donate to favorite causes and more. One factor that helps keep the ACH Network high quality is Nacha’s Rules enforcement.

There is no doubt that COVID-19 has impacted the way financial institutions are handling payments and payment controls.

In a recent podcast interview, Nacha’s Brad Smith discusses ACH growth areas—donation payments, healthcare payments, and subscription payments

Every hour of every day, in corners of the world near and far, the men and women of the United States armed forces are hard at work keeping us safe. That’s why it’s important to pause every Nov. 11—Veterans Day—to remember the sacrifices so many have made for the rest of us.

Help us spread the word on social media that Direct Deposit delivers using sample posts for Twitter, Facebook and LinkedIn. #DirectDepositDelivers

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.

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.

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.

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.