Remove ACH Network Remove Nacha Operating Rules Remove Regulations
article thumbnail

Nacha Adopts New Rules To Modernize ACH Payments

PYMNTS

Nonprofit Nacha , which enables Automated Clearing House ( ACH ) payments, has adopted eight new amendments to the Nacha Operating Rules that a press release said will help to modernize the payment style. The amendments concern Same Day ACH and new ways of making ACH payments easier to use, the release stated.

article thumbnail

Clearing Up The Case For ISO 20022

PYMNTS

Part of NACHA’s efforts in terms of education is to make sure that organizations, both in the U.S. and globally, understand the current capabilities of the ACH network in the U.S. “We’ve been working with the industry to develop tools and solutions that allow ACH users today in the U.S.

article thumbnail

ACH SEC Codes

Payment Savvy

Before diving deeper into SEC codes, let’s take a minute to better understand ACH transactions – if you’ve already worked with ACH transactions and have an idea about what is involved in them, you can skip this section and go straight to SEC codes. Using the wrong SEC code can also result in an ACH return.