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PYMNTS
OCTOBER 4, 2020
Nonprofit Nacha , which enables Automated Clearing House ( ACH ) payments, has adopted eight new amendments to the Nacha Operating Rules that a press release said will help to modernize the payment style. In addition, the new rules make explicit which scenarios are not appropriate for reversing ACH payments.
113 
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).
119 
Payments Source
APRIL 28, 2021
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151 
Agile Payments
JUNE 29, 2020
What does the new NACHA ruling around WEB ACH transactions really mean and why has it been implemented?
88 
Agile Payments
JUNE 29, 2020
What does the new NACHA ruling around WEB ACH transactions really mean and why has it been implemented?
88 
Payments Dive
MARCH 19, 2024
“With respect to transaction monitoring for fraud, it would no longer be acceptable to do nothing,” Nacha Executive Vice President Michael Herd said.
88 
PYMNTS
MAY 10, 2019
Getting there is a long road with many twists and turns, with guidance provided not only by back-end technology but also by updated rules from organizations with a governing role across the payments industry. The rule change is the subject of a recent white paper published by GIACT. New NACHA Rule.
71 
PYMNTS
SEPTEMBER 17, 2018
NACHA — The Electronic Payments Association — announced that its membership has approved three new rules that will expand Same-Day ACH for all financial institutions and their customers. NACHA and its members are now delivering those enhancements.”. NACHA and its members are now delivering those enhancements.”.
76 
PYMNTS
MARCH 13, 2019
NACHA, national administrator of the ACH network, said a third processing window for same-day transactions will be postponed for six months until the Federal Reserve Board of Governors (Fed Board) approves the initiative. The new rule was agreed upon and passed on Sept. PT), providing greater access for all ODFIs and their customers.”.
76 
Payments Source
FEBRUARY 7, 2018
banks already have their own robust API programs, but research by Nacha, the electronic payments association, indicates that the differences in their approaches could slow the banks' ability to synchronize with global fintech development. Plenty of U.S.
91 
Payments Dive
JANUARY 11, 2021
In advance of Nacha's upcoming WEB Debit Account Validation Rule, slated to take effect on March 19, 2021, this report serves as a guide on how to apply proper account validation measures.
PYMNTS
SEPTEMBER 4, 2017
NACHA, the Electronic Payments Association, announced Friday several staffing changes along with realignment of some responsibilities – efforts the overseer of the ACH network said would dovetail with new strategic directions. . That role marks a transition from senior managing director, ACH Network Rules.
62 
Finextra
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.
52 
PYMNTS
MARCH 27, 2017
As banks, FinTechs and a variety of software development firms explore the waters of payments and information exchange and collaboration, NACHA says there is a new idea to consider: API standardization. . financial services space. API technology is not new, but if you have bilateral agreements, it’s very hard to scale.” .
75 
PYMNTS
SEPTEMBER 15, 2020
There will soon be rules in place that govern how merchants and other entities make sure the accounts presented for debit transactions are valid — and in the process, cut down on fraud and chargebacks. As to why the account validation rule is particularly timely, Johnson said, “Nacha's goal with this change is to clean up the ACH system.
69 
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.
52 
The Paypers
MARCH 19, 2021
The National Automated Clearing House Association’s (NACHA) has issued a new WEB Debits Rule, with a one-year no-action period for companies working toward compliance.
48 
Finovate
APRIL 18, 2025
Built with AI and machine learning, the enhanced suite supports compliance with NACHA regulations and helps banks, lenders, and fintechs make smarter, faster decisions at scale. The new tools include vAccount+ Verify and vAccount+ Coverage , which will help firms onboard customers, initiate ACH payments, and detect fraud with higher accuracy.
59 
NACHA
MAY 6, 2024
But in that year, a significant step was taken toward changing all of that when the National Automated Clearing House Association, or NACHA was formed.
57 
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. Moving Beyond ACH . Interoperability In Focus .
NACHA
OCTOBER 23, 2023
Phixius by Nacha has successfully validated information for more than 4 million accounts since its first validation in March 2021. This accomplishment highlights its pivotal role helping customers of all sizes with Nacha rule compliance, as well as risk management.
52 
Payments Source
MARCH 15, 2019
Nacha's request to the Fed to extend submission times for its Same-Day ACH network was far from routine for two organizations that had worked together for decades.
65 
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 Understanding the New Requirements.
PYMNTS
OCTOBER 6, 2020
The tie-up will harness Boost Intercept, which is a technology for straight-through processing and Dynamic Boost, which uses rules-based pricing for commercial card payments. Nacha Adopts Eight ACH Payment Updates. Boost said it’s the only FinTech acquirer that is geared toward B2B payments.
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.
97 
PYMNTS
DECEMBER 3, 2020
Nacha Drives Corporate ACH Adoption. Nacha is rolling out a new resource center designed to help corporates embrace the ACH Network. The new payment rail supports interbank, peer-to-peer, person-to-business and business-to-business transactions, and can handle up to 5 million transactions per day.
88 
Paystand
JANUARY 15, 2025
Table of Contents Introduction to ACH Payments Defining Nacha Payments The ACH Payment Process Nacha vs. ACH: Key Differences Overview of Nacha Operating Rules Formats for Nacha Payments Importance of Nacha Compliance How Paystand Enhances Nacha Payments The Future of Digital Payments with Nacha Key Takeaways Nacha payments, governed by Nacha Operating (..)
40 
Paystand
JANUARY 15, 2025
Table of Contents Introduction to ACH Payments Defining Nacha Payments The ACH Payment Process Nacha vs. ACH: Key Differences Overview of Nacha Operating Rules Formats for Nacha Payments Importance of Nacha Compliance How Paystand Enhances Nacha Payments The Future of Digital Payments with Nacha Key Takeaways Nacha payments, governed by Nacha Operating (..)
40 
Fintech Finance
MAY 7, 2024
Phixius by Nacha —a trusted, secure, peer-to-peer payment information network—announced today its partnership with ValidiFI , a leading provider of predictive bank account and payment intelligence. bank account information,” said Rob Unger, Associate Managing Director of ACH Network Development at Nacha.
52 
PYMNTS
MAY 7, 2019
The board of directors for Nacha has selected Jane E. Nacha is an amazing organization whose work is instrumental in building consensus and supporting the creation of rules, standards and education that enhance and enable payments and financial data exchange to benefit all stakeholders,” said Larimer.
46 
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.
72 
FICO
JULY 28, 2021
NACHA, the payments clearing house through which ACH transactions flow, reported a banner year in 2020, posting an 8.2% Source: NACHA. NACHA Steps Up Its Fraud Prevention Requirements. There are five ways that banks can comply with the account validation rule, which are detailed here. increase in volume and a 10.8%
52 
PYMNTS
MARCH 5, 2018
NACHA , the electronic payments association, announced that banks and credit unions have registered 9,403 third-party senders as of the March 1, 2018 deadline. In a press release , NACHA said the rule, which took effect on Sept. In a press release , NACHA said the rule, which took effect on Sept.
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. The purpose of Capitol Hill Day is to provide updates and continued education to Congressional representatives and staff regarding the ACH Network, payments, and operating rules.
45 
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.
40 
PYMNTS
MAY 27, 2020
Paycor Certified By NACHA. Payroll and human capital management solution provider Paycor recently revealed that it secured NACHA Certification through its ACH processing.
92 
PYMNTS
MAY 25, 2017
Hence the recent announcement of the 2017 NACHA Payments Awards , which seeks to spotlight innovation and advancements in payments technology, which this time around was predicated on proven accomplishment in advancing electronic payments and finding new ways to leverage Same Day ACH. can be reached.
46 Payments Source
MARCH 1, 2018
Today: New Russian mobile wallet; Canada considers open banking rules; Messenger payments expand in Africa; Nacha and IFX cooperate on API standards; Amazon buys Ring. The information you need to start your day, from PaymentsSource and around the Web.
69 The Paypers
JUNE 7, 2022
US’ Nacha announced a partnership with Phixius and Aliaswire that will allow entities that originate a small volume of ACH transactions to comply with Nacha's WEB Debit Account Validation Rule.
31 
Stax
NOVEMBER 11, 2024
In fact, NACHA, the nonprofit that governs the ACH payments network reported 6.1% According to NACHA, most ACH transfers process the same or next-day. NACHA Rules and Requirements T he National Automated Clearing House Association (NACHA) is the primary organization overseeing the ACH network.
88 
PYMNTS
SEPTEMBER 21, 2016
Through NACHA’s Countdown to Same Day ACH podcast series, we’ve explored what Same Day ACH is all about, the myriad of use cases and applications it’s designed to deliver and if corporations and businesses are truly ready for the change. What’s Under The Faster Payments Umbrella?
PYMNTS
FEBRUARY 15, 2018
Bank of America is another financial institution to have announced its recent work with API technology, revealing a suite of APIs in adherence to PSD2 rules. Our clients will expect to integrate these directly into their business processes and applications.”
65 
PYMNTS
OCTOBER 5, 2020
Nacha Adopts New Rules to Modernize ACH Payments. Nacha has adopted eight new amendments that will assist in modernizing their payment style. In September, Nacha offered new resources for cybersecurity and voice payments.
52 
PYMNTS
MAY 10, 2019
13, 2018, NACHA , the rules and standards body for the ACH network, announced that its voting members had approved amendments to the NACHA Operating Rules & Guidelines to establish a third Same Day ACH processing and settlement window,” the Federal Reserve wrote in the announcement. “On Sept.
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