Nacha announced its 2023 Pay-Me Award Honorees during the Payments Connection Ceremony at its annual Smarter Faster Payments Conference. These movie-themed awards recognize some of the innovative solution providers that help keep the payments industry fast and secure. 

The ACH Network began 2023 with solid growth in the first quarter, particularly in Same Day ACH where payment dollar values nearly doubled from a year earlier.

A study commissioned by Nacha found the sizable majority of the nation’s younger millennials are paid by Direct Deposit but revealed a stark contrast between W2 employees and gig workers. Based on the research, Nacha has launched a campaign to educate younger millennial gig workers on the value of Direct Deposit. The campaign page can be found at DirectDeposit.org/GigWorkers.

The Nacha Top 50 rankings of financial institution originators and receivers of ACH payments for 2022 are now available.

The modern ACH Network safely and efficiently processed 30 billion payments valued at $76.7 trillion in 2022, increases of 3% and 5.6% respectively over 2021.

Nacha has been named one of the Best Places to Work in Virginia for a fourth year in a row by Virginia Business Magazine and Best Companies Group.

Nacha has approved Nacha Certified status for CBIZ Human Capital Management (HCM), a provider of workforce management solutions.

HERNDON, Virginia, November 30, 2022 – Nacha's Payments Innovation Alliance has created a new resource aimed at financial institutions, billers and payments processors.

Following the increase of the Same Day ACH dollar limit to $1 million in March 2022, Nacha and the ACH Operators - the Federal Reserve and The Clearing House - have completed the latest phase in the acceleration of ACH payments with the implementation of “Late Night ACH.”

Steady growth continued for the ACH Network in the third quarter of 2022, with 7.6 billion payments processed valued at $19.2 trillion. Those are increases of 4.2% and 6%, respectively, from a year earlier.

Today, Nacha announced the launch of PaymentsIQ by Nacha. This user-friendly online resource allows payments professionals to access more than 100 on-demand courses on topics across the payments ecosystem, ranging from the latest enhancements to the ACH Network to risk management and cryptocurrency.

Today, Nacha, the U.S. Faster Payments Council (FPC) and our nation’s Payments Associations announced a first-of-its-kind alliance to create the Accredited Faster Payments Professional (AFPP) program. This partnership demonstrates a cross-industry collaboration to benefit the entire payments community.

Nacha released a report on its latest Risk Management Framework today, providing a new strategy for industry participants in both the ACH Network as well as other payments systems to address new and persistent frauds that increasingly make use of credit-push payments.

HERNDON, Va., Sept. 20, 2022 – In honor of National APRP Recognition Day, Nacha will pay tribute to 717 Accredited Payments Risk Professionals, including 145 newly-credentialed professionals who recently passed the 2022 APRP exam.

Nacha’s Phixius service announced today that financial institutions and service providers in the Phixius network have utilized the service more than 1 million times so far this year to verify payment-related data.

The ACH Network moved 7.5 billion payments in the second quarter of 2022, led by growth in Same Day ACH and business-to-business (B2B) payments.

Nacha has awarded Nacha Certified status for a second consecutive term to Paycor, a leading provider of Human Capital Management software.

Today, Nacha announced a partnership with Phixius and Aliaswire that will enable financial institutions, fintechs and businesses that originate a small volume of ACH transactions to comply with Nacha’s WEB Debit Account Validation Rule.

Paychex has met the criteria to have its Nacha Certified status renewed through May 2024.

The ACH Network experienced overall growth in the first quarter of 2022, even as recent forms of pandemic-related government assistance have ended.