NACHA

MARCH 17, 2024

HERNDON, Virginia, March 18, 2024 – Nacha members have approved a set of rules intended to reduce the incidence of frauds, such as business email compromise (BEC), that make use of credit-push payments. The new rules establish a base-level of ACH payment monitoring on all parties in the ACH Network (except consumers).

Credit Push 121

Credit Push NACHA Nacha Rules Rules 121

PYMNTS

SEPTEMBER 23, 2016

More than 40 years after its debut, the Automated Clearing House Network becomes the first payments system in the country to offer ubiquitous faster payments to every consumer and business in the U.S. via all banks and credit unions. Today (Sept. Every bank in the U.S. is now capable of receiving and enabling this same-day capability.

Faster Payments 75

Faster Payments Same Day ACH ACH ACH Network 75

PYMNTS

JULY 24, 2017

And, since “free” is a business model the Fed seems to like — and could, as the operator of the settlement network, decide is the price — the question then becomes who does pay to pay to operate the network, since it isn’t going to be the consumer. The card networks are powering instant disbursements.

Fed 47

Fed Faster Payments Ubiquitous Same Day ACH 47