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13, 2018, NACHA , the rules and standards body for the ACH network, announced that its voting members had approved amendments to the NACHAOperatingRules & Guidelines to establish a third Same Day ACH processing and settlement window,” the Federal Reserve wrote in the announcement. “On Sept.
At its core, Jan Estep, President and CEO of NACHA , explained that ISO 20022 is all about creating a standardized approach to building messaging standards across financial services. She explained that the work NACHA has done with the utilization of ISO 20022 has nothing to do with the actual speed of the payments themselves.
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