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Nacha Releases Top 50 Financial Institution ACH Originators and Receivers for 2024; Total ACH Payment Volume in 2024 Exceeded 40 Billion

NACHA

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Nacha Unveils Top 50 ACH Originating and Receiving Financial Institutions for 2023

NACHA

HERNDON, Virginia, March 20, 2024 – Nacha’s Top 50 ranking of financial institution originators and receivers of ACH payments for 2023 was released today. The Top 50 originating institutions had total ACH Network volume of nearly 27.7 of the ACH Network’s total commercial payments volume.

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What’s an ACH Originator? Responsibilities & Benefits

Paystand

Key Takeaways An ACH Originator initiates ACH transactions, which can be a business, individual, or other entity Originators are responsible for maintaining compliance with NACHA rules, including obtaining and retaining authorizations ACH payments offer cost savings, improved cash flow management, and increased efficiency for enterprise originators (..)

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New NACHA Rule Could Catch Payment Processors, Merchants, FIs Off-Guard

PYMNTS

In a new PYMNTS interview, David Barnhardt, executive vice president of product at GIACT , which offers fraud detection and account validation tools, talks about an upcoming change by NACHA, national administrator of the ACH network, to make internet-initiated debit transactions (WEB debits) safer and more seamless. New NACHA Rule.

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ACH Tokenization

Agile Payments

PCI compliance doesn't apply to ACH Payment Processing , but to utilize a processing platform that is PCI DSS Level 1 certified certainly doesn't hurt security measures around your ACH origination method.

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Top US banks prepping for same-day ACH transactions

Payments Dive

In a NACHA survey, 95 percent of respondents indicated that they will offer their clients same-day ACH origination services by year-end.

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ACH Fraud Is Rising - And New NACHA Measure Leaves Gaps

FICO

If your institution saw an increase in ACH transactions last year, you’re not alone. NACHA, the payments clearing house through which ACH transactions flow, reported a banner year in 2020, posting an 8.2% Additionally, ACH internet transactions rose 15% from 2019 to 2020. Source: NACHA. increase in volume and a 10.8%

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