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. The amendments concern Same Day ACH and new ways of making ACH payments easier to use, the release stated.

NACHA 113

NACHA ACH Rules Nacha Operating Rules 113

PYMNTS

OCTOBER 6, 2020

Nacha Adopts Eight ACH Payment Updates. Nacha has adopted eight updates to the Nacha Operating Rules that the group, which enables Automated Clearing House (ACH) payments, said will help modernize the payment style. The amendments regard Same Day ACH and new methods of making ACH payments simpler to use.

Contactless Payments 96

Contactless Payments Innovation NACHA Nacha Operating Rules 96

PYMNTS

DECEMBER 3, 2020

Nacha is rolling out a new resource center designed to help corporates embrace the ACH Network.

B2B 88

B2B NACHA Innovation Nacha Operating Rules 88

PYMNTS

SEPTEMBER 4, 2017

Her duties, according to NACHA, include serving as administrator of the ACH network and conducting legal oversight for the NACHA Operating Rules. Larimer had previously served as executive vice president of ACH network services and general counsel. Reporting to Larimer will be other executives moving into new roles.

NACHA 62

NACHA ACH Network Nacha Operating Rules ACH 62

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.

FedWire 51

FedWire Same Day ACH Federal Reserve Nacha Operating Rules 51

PYMNTS

JULY 28, 2016

to leverage ISO 20022 payment message standards for the payment itself and for remittance, without forcing everyone to make changes to the ACH formats and continue with existing NACHA Operating Rules ,” Estep said. NACHA calls this work integration.

ISO 20022 40

ISO 20022 ISOs NACHA ACH 40

Payment Savvy

NOVEMBER 10, 2022

The responsibility for using the right one falls on ODFIs – and considering the fact that adding the wrong code can result in a violation of NACHA Operating Rules, having a good understanding of what different Standard Entry Class codes mean and when they should be used is vital.

SEC Codes 52

SEC Codes ACH ODFI Wire Transfer 52