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Article October 9, 2020
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.
Basic page September 15, 2020
As the coronavirus pandemic raged across the country, the U.S. government turned to Direct Deposit to deliver millions of stimulus payments to Americans. On April 15, exactly as the IRS instructed, 81 million Americans woke up to find their stimulus payments safely in their bank accounts thanks to Direct Deposit. Ultimately, the IRS would authorize 120 million payments via Direct Deposit.
Article August 19, 2020
Despite Concerns Over Mail Delivery, Overwhelming Majority of Federal Government Payments Continue to be Made On Time
Nacha issues a statement from Jane Larimer President & CEO of Nacha regarding recent comments that claim significant concerns over the delivery of payments from the Social Security Administration and the Veterans Benefits Administration via the U.S. Postal Service. However, more than 97% of recipients of Social Security and Veterans Benefits rely on direct Deposit