Passage of the American Rescue Plan Act of 2021 into law provides relief for tens of millions of Americans. The ACH Network is ready to deliver these relief payments via Direct Deposit, with funds available to people on the day instructed by the IRS.

Nacha has approved Nacha Certified status for Bill.com, a leading cloud-based software platform which facilitates ACH payments. 

Early Warning Services, LLC has returned as a Nacha Preferred Partner for Account Validation.

Payment volume on the ACH Network experienced record growth in 2020 as the pandemic accelerated the nation’s shift to electronic payments.

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.

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.

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.