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).

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PYMNTS

SEPTEMBER 18, 2020

Nacha , the nonprofit that manages the movement of trillions of dollars in electronic payments, announced the debut of voice payments and cybersecurity resources on Thursday (Sept. Nacha was originally known as the National Automated Clearing House Association.

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PYMNTS

MAY 10, 2019

In a new PYMNTS interview, David Barnhardt, executive vice president of product at GIACT , which offers fraud detection and account validation tools, talks about an upcoming change by NACHA, national administrator of the ACH network, to make internet-initiated debit transactions (WEB debits) safer and more seamless. New NACHA Rule.

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NACHA

JUNE 17, 2025

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PYMNTS

OCTOBER 15, 2020

Panel members included Russ Waterhouse , EVP at The Clearing House; Mike Kresse , SVP card and money movement at FIS; Jane Larimer , CEO at Nacha; David Scola , chief executive, Americas and UK at SWIFT; and Jeremy Allaire , CEO at Circle. In many instances, we’re working with FinTechs to provide the next solution for the consumer,” he said.

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Real Time Payments NACHA SWIFT TCH 125

PYMNTS

SEPTEMBER 15, 2020

At a high level, the changes to Nacha ’s WEB Debit Account Validation Rule mandate that as of March 19, 2021, account verification must be part of anti-fraud efforts. The new rule comes at a time when Nacha has reported that ACH payments have become increasingly popular, perhaps not a surprise as more transactions and commerce move online.

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PYMNTS

OCTOBER 1, 2018

NACHA — The Electronic Payments Association , announced Monday (Oct. 1) that the Business Payments Directory Association (BPDA) will become an independent, member-led, self-governed group under the NACHA organization. By combining resources with NACHA, today we are even closer to making this a reality.”.

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PYMNTS

NOVEMBER 16, 2016

NACHA, the payments association behind the ACH network, said Tuesday that 3.8 Consumer bill payments, at 61,000 transactions, seems to be embraced by these individuals as a way to, as Webster termed, manage their financial balance sheets, with payments made the day bills are due, with attendant assurance that payments go through upon request.

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PYMNTS

NOVEMBER 15, 2016

The Electronic Payments Association, NACHA, has released volume data tied to the first calendar month of same-day ACH transactions. That matched its expectations for volume and value based on dialogues with industry stakeholders and also projected use cases, said NACHA. For the month, Same Day ACH was responsible for 3.8

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Payment Savvy

AUGUST 4, 2020

Starting March 19, 2021, the National Automated Clearing House Association (NACHA) will require businesses to perform online verification of bank accounts before they accept or process ACH payments. NACHA’s recent figures revealed that in 2018, U.S This accounts for close to 82% of all U.S

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EBizCharge

JULY 16, 2024

Navigating electronic payments requires a thorough understanding of compliance standards set forth by governing bodies such as the National Automated Clearing House Association (NACHA) network. What is NACHA? Data security NACHA imposes stringent requirements to protect sensitive financial data.

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PYMNTS

SEPTEMBER 14, 2018

NACHA — The Electronic Payments Association said the value of the payments was $4.5 The ACH Network is thriving, and has achieved a milestone of more than 2 billion payments in one month,” said Jane Larimer, chief operating officer of NACHA. In July, NACHA announced that debit and credit transactions totaled more than 5.7

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PYMNTS

FEBRUARY 19, 2019

NACHA, the steward of the ACH Network, announced Tuesday (Feb. In a press release , NACHA said it is the fourth year in a row that the ACH Network added more than 1 billion new payments. With more enhancements to Same Day ACH being rolled out this year and next, the experience for businesses and consumers will only get better.”.

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PYMNTS

MAY 8, 2019

NACHA and its Payments Innovation Alliance announced that it is working with the U.S. The Alliance brings together a diverse group of industry leaders to gain insights, and develop resources for the industry to use to navigate the quickly changing financial services environment,” said Jane Larimer, CEO of NACHA , in a press release.

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PYMNTS

JANUARY 18, 2018

According to a NACHA survey, 82 percent of financial institutions surveyed anticipate that Same Day ACH debit volume will grow at a rapid or steady rate. Use cases for Same Day ACH debits like bill payments and business-to-business payments demonstrate how this additional faster payment method is benefiting consumers and businesses alike.”.

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Payments Source

APRIL 18, 2016

While beneficial for businesses and consumers, Nacha's new rule for same day transactions will require banks and other financial institutions to review thousands of additional transactions per day, leading to a significant increase in costs, not to mention an increased potential for fraud due to volume and rapidness of review.

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PYMNTS

OCTOBER 6, 2020

Nacha Adopts Eight ACH Payment Updates. Nacha has adopted eight updates to the Nacha Operating Rules that the group, which enables Automated Clearing House (ACH) payments, said will help modernize the payment style. The amendments regard Same Day ACH and new methods of making ACH payments simpler to use.

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PYMNTS

APRIL 15, 2016

New data from NACHA offered insight into the growth of ACH payments in 2015 and found significant increases in the use of ACH for B2B payments. An announcement on Thursday (April 14) by NACHA said ACH transaction volume increased by more than 5.6 It’s a sign that NACHA President and CEO Janet O. percent increase from 2014.

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PYMNTS

JULY 3, 2017

Earlier this month, NACHA (the National Automated Clearinghouse Association) sent its Government Relations Advisory Group on its annual pilgrimage to Capitol Hill. NACHA’s Bill Sullivan gave the recap to PYMNTS CEO Karen Webster. What NACHA has done that no one else in the U.S. NACHA is agnostic in its partnerships.

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FICO

JULY 28, 2021

NACHA, the payments clearing house through which ACH transactions flow, reported a banner year in 2020, posting an 8.2% million fraud reports from consumers , with imposter scams remaining the most common type of fraud reported to the agency. Source: NACHA. NACHA Steps Up Its Fraud Prevention Requirements. Here’s why.

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PYMNTS

JANUARY 25, 2017

The Electronic Payments Association (NACHA), steward and rule maker of the ACH Network, just released findings from the Same Day ACH transaction volume data for Sept. The numbers NACHA released show a strong early performance for the faster payment option during the first three months of operation. The results are in.

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PYMNTS

NOVEMBER 2, 2018

NACHA – The Electronic Payments Association – announced Thursday (Nov. In a press release , NACHA said the performance was driven, in part, by business-to-business (B2B) and online payments. In a press release , NACHA said the performance was driven, in part, by business-to-business (B2B) and online payments. percent increase.

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PYMNTS

NOVEMBER 10, 2020

Nacha has announced that Phixius, which facilitates the trusted exchange of payment information, has officially gone live, according to a press release. George Throckmorton , Nacha's managing director and executive director of Afinis API Standards, said the company is "excited" to have Phixius finally go live.

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PYMNTS

APRIL 17, 2017

On Friday (April 14), NACHA released more stats about ACH to explore how businesses are using the payment rail — same-day or not. trillion, NACHA said. 2016 marked a significant year for the continued evolution and growth of the ACH Network,” said NACHA President and CEO Janet O. billion, worth a collective $43.7

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PYMNTS

OCTOBER 10, 2016

23, the industry welcomed the rollout of ubiquitous faster payments to every consumer and business in the U.S. NACHA’s launch of Same Day ACH ushered in three settlement windows, enabling ACH payments to be received same day. Much like ISO 20022, tokenization is not a new concept for NACHA. via all banks and credit unions.

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PYMNTS

JANUARY 28, 2020

Businesses and consumers often want to send higher value payments and the $100,000 limit helps to address their needs.”. In a press release last week, NACHA said 6.4 We’re delighted to see the growing acceptance of Same Day ACH among businesses and consumers.”. Same-Day Boosts ACH Adoption. percent year over year. “The

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PYMNTS

APRIL 21, 2020

The functionality means KyckGlobal will wield Visa’s real-time push payments solution, Visa Direct, for both businesses and consumers to secure funds in real time to their small business or consumer debit or prepaid card products. NACHA Notches ACH Growth. B2B payments in particular saw an 11.7

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PYMNTS

NOVEMBER 5, 2018

NACHA released new statistics late last week on growth of ACH transaction volume in the U.S. According to the firm, B2B transactions were a key driver of ACH transaction growth in the third quarter of the year, leading NACHA Chief Operating Officer Jane Larimer to describe the ACH Network as “thriving.”. NACHA said 43.2

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PYMNTS

JANUARY 26, 2021

Real-time payments are becoming more and more popular among consumers and businesses alike, but some FIs are finding it challenging to safeguard such systems. Nacha , the rulemaking entity for the Automated Clearing House networks in the U.S., Indeed, 85.3 Then, think about what that awareness means to cybercriminals.

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The Paypers

DECEMBER 24, 2020

Nacha has launched the directdeposit.org website to help consumers better understand how ACH payments (direct deposits) are used every day.

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PYMNTS

AUGUST 20, 2020

This week’s exploration of the latest in payment rail innovation finds industry heavyweights like Visa, SWIFT and NACHA eyeing speed and data to add value to both new and legacy payment infrastructures. Visa Joins NACHA Pilot. Visa has joined the pilot Phixius program operated by NACHA, the companies recently revealed.

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PYMNTS

MARCH 18, 2019

This new feature, available to PayPal customers in good standing, leverages the company’s partnership with Chase, and Chase’s connection to The Clearing House’s RTP network, to move money instantly into the bank accounts of consumers and SMBs. That’s roughly 95 percent of consumers in the U.S., A Couple of Important Dots. 13, 2018. .:

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PYMNTS

JUNE 25, 2018

Are consumers shifting the way they make direct payments to billers? online bill payments made by consumers in 2016 were conducted via biller-direct sites — up from 62 percent in 2010. Another recent report supports the notion that directly billing consumers without relying on banks is gaining ground. (It) The news peg?

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Stax

NOVEMBER 11, 2024

In fact, NACHA, the nonprofit that governs the ACH payments network reported 6.1% The average consumer commonly uses the ACH network for automated bill payments and larger transactions. ACH payments are more straightforward than how credit card processing works, both on the consumer-facing and business end. in Q4 2021.

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PYMNTS

JANUARY 29, 2019

During the fourth quarter of 2018, ACH Network volume saw more growth than it has in the last decade, according to the National Automated Clearing House Association (NACHA), which noted same-day ACH payments also reached a new level. The ACH Network is stronger than ever,” NACHA Chief Operating Officer Jane Larimer said. Upwards of 5.9

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PYMNTS

FEBRUARY 4, 2019

million Australian consumers — more than 5 percent of the population — registered with the service within its first month. . The Federal Reserve’s Faster Payments Task Force established a goal in July 2017 that any consumer or business with a U.S. Payments: Consumer Preferences. Consumer Credit: Rising Usage” report.

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PYMNTS

NOVEMBER 27, 2020

Consumers and businesses alike have long been familiar with digital payments, but both now expect smoother payment experiences as the COVID-19 pandemic’s financial impacts continue. Friction points that once proved to be minor nuisances have become legitimate financial challenges, especially for consumers and smaller businesses.

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