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November 10, 2020
On the wires
Nacha Announces First Live Transactions on the Phixius Platform
“Today Nacha announces that Phixius, a new platform that facilitates the trusted exchange of payment information is live and has completed its first information exchange transactions between participants…Phixius provides interoperability between vetted participants who connect directly to the platform in order to more securely exchange data rather than storing it in a central repository, such as in the cloud. Transactions occur via standardized open APIs developed by Afinis Interoperability Standards and ISO20022.”
October 8, 2020
On the wires
Nacha Announces iCheckGateway.com as a Preferred Partner for ACH Solutions and Automation
“iCheckGateway.com is now a Nacha Preferred Partner for ACH Solutions and Automation. In becoming a Preferred Partner, iCheckGateway.com joins a select group of innovators that Nacha recognizes for offering products and services that align with Nacha’s core strategies to advance the ACH Network.”
October 2, 2020
On the wires
Nacha Adopts Rules for the Ongoing Modernization of ACH Payments
“Nacha has approved eight new amendments to the Nacha Operating Rules governing the use of ACH payments. Many of the changes reflect a long-term strategy to modernize the ACH system, both through infrastructure improvements such as Same Day ACH; and making ACH payments easier to use for the country’s consumers, businesses and other organizations. Most significantly, two of the rules provide businesses, financial institutions, payment providers and technology companies with a framework for authorizing consumer ACH payments that can be applied to the myriad of new channels and technologies that consumers are adopting to interact and transact with businesses.”
September 17, 2020
On the wires
Nacha’s Payments Innovation Alliance Releases Two New Resources Focused on Voice Payments and Pandemic-Related Cybersecurity Best Practices
“In its continued efforts to shape the future of the payments industry and to develop thought leadership relevant to financial services, Nacha’s Payments Innovation Alliance released two new resources specific to voice payments and cybersecurity. The Alliance, a membership organization, brings together diverse, global stakeholders – including financial institutions, solution providers, corporates, and more – to support payments innovation.”
October 1, 2018
Top Post
NACHA Acquires Business Payments Directory Association
“The B2B Directory will be structured as a network of credentialed service provider “sub-directories,” in which trusted and validated payee information will be stored. Credentialed service providers will allow access to the stored electronic payment information, including ACH payment details and other payment methods. Payers can query the Directory to obtain information of a single payee or multiple payees, and payees can manage their information in real time to ensure payment details are current. To support the robust capabilities of the Directory, the platform will leverage open source technologies, blockchain/distributed ledger technology and standardized Application Programming Interfaces (APIs) developed by the member-led organization Afinis Interoperability Standards (formerly the API Standardization Industry Group).”
April 11, 2018
On the wires
ACH Network Volume and Value Hit New Highs in 2017
“The ACH Network processed 21.5 billion transactions valued at more than $46.8 trillion in 2017, representing increases of 5.7 percent and 6.9 percent, respectively, over 2016, according to new data released by NACHA—The Electronic Payments Association®. It is the third year in a row in which the number of new ACH transactions increased by more than one billion, and the ACH Network’s growth rate for 2017 is the highest since 2008.”
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