PYMNTS

SEPTEMBER 15, 2017

In a recent interview with PYMNTS’ Karen Webster, Jane Larimer, chief operating officer at NACHA, said the financial services industry has done much preparation in terms of enhancing systems and processing, in tandem with significant testing, after a smooth Phase 1 of Same Day ACH debuted last September. 2016 and July 2017.

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PYMNTS

SEPTEMBER 23, 2016

“When you think about the ACH Network today, it’s important to recognize that almost 60 percent of the existing ACH Network is debit-pull transactions, and it’s certainly something that most people say ‘should move faster,’” said Jan Estep, NACHA president and CEO.

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PYMNTS

SEPTEMBER 15, 2017

For NACHA, there’s a rollout of a different sort, with far-reaching impact on how, who and when consumers and enterprises see funds flow. In an interview with PYMNTS’ Karen Webster, Jane Larimer , chief operating officer at NACHA , said that the implementation of Phase 1 of Same Day ACH has gone smoothly, with a live debut last September.

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PYMNTS

APRIL 11, 2018

2017 marks another significant achievement in the evolution of the ACH Network, as transaction volume was exceptionally strong and Same Day ACH was made fully available,” said NACHA Chief Operating Officer and General Counsel Jane Larimer. That propelled the value of the network’s transactions to more than double the U.S.

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PYMNTS

APRIL 17, 2017

The Electronics Payment Association NACHA announced significant increases in the ACH Network transactions. billion | Amount of 2016 overall ACH monetary transactions. percent | Percentage increase of ACH transactions from 2015 to 2016. 12 billion | Number of ACH debit transactions processed.

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Nanonets

MARCH 21, 2023

The ACH network is managed by NACHA, formerly known as the National Automated Clearing House Association. NACHA is a non-profit organization that is self-regulating, and they’re responsible for supervising and making rules for ACH transactions. To reduce error, fraud, and delays, NACHA added new regulations in 2021.

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PYMNTS

MAY 31, 2018

It’s almost as if these various players are all speaking different languages, according to George Throckmorton, managing director of NACHA , The Electronic Payments Association, who equated the payments industry to a digital Tower of Babel. The tide is finally beginning to turn, however.

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EBizCharge

MAY 8, 2024

The National Automated Clearing House Association (NACHA) governs the ACH network, setting rules and standards for ACH transactions. ACH credit vs. ACH debit ACH transactions come in two main varieties: ACH credit transactions and ACH debit transactions.

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Stax

SEPTEMBER 17, 2024

These financial institutions all follow ACH rules and regulations by the National Automated Clearinghouse Association (Nacha). ACH is a digital extension of the paper check and is often referred to as auto-pay, direct debit, and direct deposit. A typical ACH transaction is like a machine with multiple moving cogs.

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Payment Savvy

OCTOBER 8, 2024

Both direct debit and ACH debit allow for automatic, recurring payments. Still, ACH direct debit offers the advantage of handling multiple types of electronic transfers, including credit and debit transactions. In the U.S.,

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Stax

JULY 9, 2024

Regulatory and Compliance Issues with EFT Payments Regulatory and compliance issues surrounding EFT payments are critical for ensuring the security and integrity of electronic transactions. EFT Payments vs Credit Card Payments While debit transactions are EFT payments, credit card payments are not.

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EBizCharge

JULY 18, 2024

ACH is widely known for processing large credit and debit transactions, including direct deposits and bill payments. Standards: EDI follows strict international standards for formatting electronic documents, whereas ACH transactions comply with the National Automated Clearing House Association (NACHA) rules.

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FICO

DECEMBER 20, 2022

Alternative Payments Methods Will Grow Faster than Debit — and Scammers Will Rejoice. While debit transactions still prevail, all the other payment types are growing even faster. ACH transactions, especially for business-to-business payments, have also grown tremendously.

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PYMNTS

APRIL 6, 2017

Phase Two, which will allow debit transactions on the same day, is planned for September 2017. The PYMNTS Faster Payments Tracker™ , powered by NACHA, is your go-to resource for staying up-to-date on a month-by-month basis. The past 12 months have been busy for faster payments. And it’s only getting started. About the Tracker

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Payment Savvy

NOVEMBER 10, 2022

Instead, they are under the jurisdiction of NACHA (The National Automated Clearing House Association), which establishes the rules and regulations that all the institutions that are part of the network follow. When it comes to an ACH transaction, there are two main participants. SEC Codes – The List.

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