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New Data Security Requirements for ACH Originators

Agile Payments

As of June 30, 2021, a new rule on supplementing data security requirements goes into effect for ACH originators that have an annual volume of 6 million transactions or greater. The rule requires the originators (and third party service providers) to protect bank account information unreadable when it's stored electronically.

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Nacha Releases Top 50 Financial Institution ACH Originators and Receivers for 2024; Total ACH Payment Volume in 2024 Exceeded 40 Billion

NACHA

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Nacha Unveils Top 50 ACH Originating and Receiving Financial Institutions for 2023

NACHA

HERNDON, Virginia, March 20, 2024 – Nacha’s Top 50 ranking of financial institution originators and receivers of ACH payments for 2023 was released today. The Top 50 originating institutions had total ACH Network volume of nearly 27.7 of the ACH Network’s total commercial payments volume.

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90 percent of banks report higher than anticipated same day ACH origination volume - report

The Paypers

(The Paypers) Around 90% of the surveyed banks report that the origination volume of the same day ACH has been higher than anticipated,a recent research study reveals.

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Speeding Along To Same Day ACH Payments

PYMNTS

In reference to methodology, NACHA’s survey extended across January and February, with 22 of the largest 25 ACH originating institutions responding. Financial institutions see the value in providing new, faster payment options to their customers with certainty and surety, and Same Day ACH allows them to do that in 2016,” Janet O.

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How B2C Companies Tap Into Integrated Receivables

PYMNTS

However, as check volumes are now on the decline, B2C companies are receiving payments from other channels, such as bill payment sites. If companies offer payments through, say, a portal, funds typically come through an automated clearing house ( ACH ) transaction or a credit card (if those types of transactions are allowed).

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ACH Fraud Is Rising - And New NACHA Measure Leaves Gaps

FICO

If your institution saw an increase in ACH transactions last year, you’re not alone. NACHA, the payments clearing house through which ACH transactions flow, reported a banner year in 2020, posting an 8.2% increase in volume and a 10.8% Additionally, ACH internet transactions rose 15% from 2019 to 2020.

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