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.

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.

Direct Deposit continues to be the overwhelming choice for Americans to receive their wages. In its 2022 “Getting Paid in America” survey, the American Payroll Association (APA) found that more than 93% of those questioned use Direct Deposit.

Resources for religious organizations to assist in collecting gifts using electronic bank transfers

It's Simplify Your Life Week, and Nacha has some excellent ideas to help you make things easier by using electronic payments.

You want more ACH payments from your customers because ACH:

ACH payments provide clear benefits compared to check payments. If your company currently does not send ACH payments to vendors/suppliers, you can contact your bank for recommendations on how to get started with sending ACH payments. 

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.

When the pandemic hit, a lot of people suddenly found themselves out of work and in need of savings to weather the storm. The trouble is that even before COVID-19, many Americans didn’t have much put away. This highlights the importance of America Saves Week. 

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.

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.

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

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.

Direct Deposit is fast and reliable, and it’s the way 93% American workers get paid. In addition to payroll, Direct Deposit can be used to receive reimbursements, bonuses and more. 

Business Email Compromise is a major concern today, but it appears that the recent enhancement to Same Day ACH has not resulted in any increase in criminal activity, an informal Nacha survey found.

As communities begin to recover from the effects of COVID-19, businesses also are starting the long process of returning to normal – slowly, but surely. And there are definitely some lessons learned.

While the current national emergency is impacting daily life and business operations, the ACH Network is operating normally. Using ACH payments can provide some assistance during this difficult time.

Payments fraud “remains rare” in the U.S., with ACH payments having the lowest fraud rate by value, a new Federal Reserve study found.