Strong growth continued on the ACH Network in the final quarter of 2020, with 7 billion payments made, an increase of nearly 9% from a year earlier.

Nacha today announced its newest Board Members. Seven senior executives began terms as Nacha Directors Jan. 1, 2021. These individuals include one current Director who returned to the Board for another term and six individuals who are new to the Nacha Board.

Finicity, a Mastercard company, is now a Nacha Preferred Partner for Account Validation through Finicity Pay™, an integrated solution set of Finicity’s open banking platform.

For the third year, Nacha was named by Virginia Business Magazine and Best Companies Group as one of the Best Places to Work in Virginia.

ECS Fin is now a Nacha Preferred Partner for Corporate Remittance and Data Routing. In becoming a Preferred Partner, ECS joins a select group of innovators that Nacha recognizes for offering products and services that align with Nacha’s core strategies to advance the ACH Network.

ValidiFI is now a Nacha Preferred Partner for Account Validation. In becoming a Preferred Partner, ValidiFI joins a select group of innovators that Nacha recognizes for offering products and services that align with Nacha’s core strategies to advance the ACH Network.

To help consumers better understand how Direct Deposit is used every day, Nacha recently launched directdeposit.org. 

Today Nacha announces that Phixius, a new platform that facilitates the trusted exchange of payment information is live and has completed its first information exchange transactions between participants.  

Volume on the ACH Network totaled 6.8 billion payments in the third quarter of 2020, a 9% increase from the same period in 2019.

Nacha has approved eight new amendments to the Nacha Operating Rules governing the use of ACH payments.

In its continued efforts to shape the future of the payments industry and to develop thought leadership relevant to financial services, Nacha’s Payments Innovation Alliance released two new resources specific to voice payments and cybersecurity.

The APRP exam tests for comprehensive risk management knowledge across all payment types, including check, wire, debit, credit and prepaid cards, emerging and alternative payments, and ACH.

More than 97% of Recipients of Social Security and Veterans Benefits Rely on Direct Deposit.

The ACH Network reported payment volume growth of 7.9% in the second quarter of 2020, compared to the same period a year ago, reflecting the use of the Network to deliver economic assistance to individuals and businesses, as well as an acceleration in the shift from paying by paper check to paying electronically.

Afinis brings diverse collaborators together to build and test solutions, develop implementable and portable standards, and provide thought leadership on the shared goals of advancing efficiency, surety and security, and interoperability for financial services.

Lyons Commercial Data is now a Nacha Preferred Partner for Routing Number, and Account and Ownership Verification.

A new white paper authored by Mercator Advisory Group highlights how – as payments become faster – ACH supports the future of the industry with Same Day ACH, while providing the money-movement infrastructure for many other payment products.

Nacha has released ACH Network results for the first quarter of 2020.

Nacha has released the Top 50 rankings of financial institution originators and receivers of ACH payments for 2019.

Starting today the Same Day ACH per payment dollar limit jumps from $25,000 to $100,000.