Nacha
"Led by phenomenal growth in Same Day ACH, Nacha reported across-the-board gains in ACH payments volume and value in 2024. Same Day ACH payment volume topped the 1 billion mark, with more than 1.2 billion payments for the year. The value of those payments was $3.2 trillion. From 2023 to 2024, Same Day ACH volume soared 45.3%, more than double the growth rate from 2022 to 2023."
Bank Info Security
"Requirements set for 2026 by the National Automated Clearinghouse Association for real-time fraud monitoring will demand collaborative efforts by fraud and anti-money laundering teams to meet compliance goals, said Devon Marsh, Nacha managing director of ACH network rules and risk management."
Nacha
"The ACH Network is a payment system that reaches all U.S. bank and credit union accounts. ACH payments are routed utilizing the routing transit number (“routing number” or “RTN”) of the Receiving Depository Financial Institution (RDFI). For accurate routing of ACH payments, it is important for parties involved in the origination of ACH payments to keep the routing information they use or access up to date."
Business Wire
"Nacha’s Payments Innovation Alliance has published Diving into the Fundamentals of Cryptocurrency as a Form of Digital Payment. This resource outlines definitions, process flows and the role of participants in cryptocurrency."
Business Wire
"Nacha’s Payments Innovation Alliance has published a new discussion guide, Let’s Talk Turkey, a resource aimed at helping family and friends discuss and avoid common scams targeting mobile devices."
Nacha
"On the surface it sounds really familiar: Pay your bills online, directly from your bank account. But what makes pay by bank different and how does open banking facilitate this process?"
Nacha
"One of the new Rules that went into effect on Oct. 1, 2024, expands an RDFI’s voluntary exemption from the funds availability requirement of the Nacha Operating Rules. The Rule also requires an RDFI to take reasonable steps to notify an ODFI if the RDFI exercises this exemption."
Business Wire
"Nacha’s Payments Innovation Alliance has published Protecting Payments in the Quantum Era: What You Need to Know. This publication outlines the basics of quantum computing, explaining key concepts and how it differs from classical computing."
Nacha
"Nacha announced LexisNexis® Risk Solutions as the exclusive Preferred Partner in the category of Official Registrar of Routing Numbers."
Nacha
"Same Day ACH volume soared 67.5% in the third quarter of 2024, and total ACH Network payment volume rose 7.4% from a year earlier, new figures from Nacha showed. There were 355.2 million Same Day ACH payments in the third quarter; the value of those payments rose 38.8% to $844 billion."
Nacha
"“What’s really going to drive ACH or pay by bank in the U.S. is value. Whether that’s flexibility, whether that’s incentives, whether that’s something that that end user is not going to get from their bank—that’s what’s ultimately going to drive adoption of pay by bank,” said McFerrin, Vice President of Enterprise Growth at Trustly Inc., a Nacha Preferred Partner for ACH Experience/Open Banking/Risk and Fraud Prevention."
Nacha
"Stopping fraud before it happens—and improving funds recovery if it does—is something all financial institutions should be doing. A package of Nacha Rule changes to help in those efforts went into effect Oct. 1."
Nacha
"When payday rolls around, the overwhelming majority of Americans receive their money by Direct Deposit, new research found. In PayrollOrg’s 2024 Getting Paid in America survey, nearly 92% of respondents said their wages come by Direct Deposit. Paper checks were a distant second at 3.7%, followed by online payment systems such as Venmo and PayPal at 1.7%."
Business Wire
"Nacha’s newest Preferred Partner is Sardine, a leader in fraud and compliance solutions. Sardine joins a select group of organizations as a Nacha Preferred Partner in the categories of Compliance, Fraud Monitoring, and Risk and Fraud Prevention."
Nacha
Stopping fraud before it happens and improving funds recovery if it does is something all financial institutions should be doing. A package of Nacha Rule changes to help in those efforts is taking effect Oct. 1.
Nacha
"Nacha announced that Visa has joined its Preferred Partner Program for ACH Experience, Open Banking and Account Validation."
Nacha
"Nacha's Payments Innovation Alliance, a membership program bringing together diverse global stakeholders seeking to transform the payments industry, has published its Business Email Compromise Response Action Plan."
Nacha
"Four new categories of Nacha Preferred Partners were unveiled today, doubling the number of categories available for organizations to showcase their leadership in the ACH Network."
Nacha
"Same Day ACH reached new heights of payment volume and value as the modern ACH Network posted significant volume and value increases in the second quarter of 2024, Nacha reported. There were 8.3 billion ACH payments in the second quarter, an increase of 6.3% over the same time period in 2023. The dollar value of these ACH payments totaled $21.6 trillion, a 7% increase."
LSEG
"In response to surging fraud and financial crime, Nacha will be implementing new rules to strengthen fraud prevention measures related to ACH transactions."
Nacha
"The Risk Management Resource Center is where you can easily access a wide range of risk management materials—everything from our Risk Management Framework for the Era of Credit-Push Fraud to checklists, blogs and more."
Business Wire
"Phixius by Nacha—a trusted, secure, peer-to-peer payment information network—announced its partnership with ValidiFI, a leading provider of predictive bank account and payment intelligence."
Business Wire
"In 1974 payday usually meant being handed a paper check—which was the same way most bills were paid. 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."
Nacha
"A 47% increase in Same Day ACH volume helped lead the way as the ACH Network began 2024 by handling 8.2 billion payments in the first quarter."
Nacha
"Nacha’s Top 50 ranking of financial institution originators and receivers of ACH payments for 2023 was released. The Top 50 originating institutions had total ACH Network volume of nearly 27.7 billion payments last year, an increase of 5.7% over 2022. They accounted for 93.1% of the ACH Network’s total commercial payments volume."
Nacha
"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)."
Business Wire
"Nacha's Payments Innovation Alliance has released a new tool financial institutions can use to educate their customers about money mules."
Nacha
"It’s perhaps the most recognizable feature of the ACH Network: Direct Deposit. It’s the way 93% of American workers are paid and nearly all Social Security recipients get their benefits. A new campaign unveiled by Nacha aims to educate and inform people on the many other ways to simplify their lives by making the best use of Direct Deposit."
Business Wire
"Led by strong growth in Same Day ACH and business-to-business (B2B) payments, the ACH Network securely handled 31.5 billion payments valued at $80.1 trillion in 2023."
Nacha
"A decade-long increase in medical and dental professionals receiving claim payments by EFT continued in 2023."