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.”. local time, while funds from certain other ACH credits will be available by 9 a.m.

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PYMNTS

SEPTEMBER 15, 2020

At a high level, the changes to Nacha ’s WEB Debit Account Validation Rule mandate that as of March 19, 2021, account verification must be part of anti-fraud efforts. The new rule comes at a time when Nacha has reported that ACH payments have become increasingly popular, perhaps not a surprise as more transactions and commerce move online.

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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

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PYMNTS

JANUARY 18, 2018

The volume of same-day automated clearing house (ACH) transactions is expected to rise over the coming months, BusinessInsider reported. According to a NACHA survey, 82 percent of financial institutions surveyed anticipate that Same Day ACH debit volume will grow at a rapid or steady rate. billion transferred.

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PYMNTS

NOVEMBER 15, 2016

The Electronic Payments Association, NACHA, has released volume data tied to the first calendar month of same-day ACH transactions. billion in payments volume. billion in payments volume. faster payment option that supports marketplace demand,” said NACHA in a statement. billion in volume. billion in volume.

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PYMNTS

NOVEMBER 2, 2018

NACHA – The Electronic Payments Association – announced Thursday (Nov. In a press release , NACHA said the performance was driven, in part, by business-to-business (B2B) and online payments. In a press release , NACHA said the performance was driven, in part, by business-to-business (B2B) and online payments. percent increase.

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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.

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PYMNTS

APRIL 17, 2017

On Friday (April 14), NACHA released more stats about ACH to explore how businesses are using the payment rail — same-day or not. trillion, NACHA said. 2016 marked a significant year for the continued evolution and growth of the ACH Network,” said NACHA President and CEO Janet O. billion, worth a collective $43.7

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PYMNTS

NOVEMBER 16, 2016

NACHA, the payments association behind the ACH network, said Tuesday that 3.8 In reference to use cases, emergency payroll stands out as a significant slice of the initial ACH faster payments, with the direct deposit category coming in at 49 percent of volume, or 1.9 If you build it, they will come. And pay the very same day.

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The Paypers

NOVEMBER 5, 2018

increase over Q3 2018, according to NACHA. (The Paypers) The number of ACH payments has registered more than 5.6 billion in the third quarter of 2018, a 6.7%

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PYMNTS

FEBRUARY 7, 2017

NACHA wants to quell any anxieties about the rollout of Same Day ACH, and the latest data from the payments group should breathe new confidence in banks that have adopted the technology. NACHA also examined corporate use of Same Day ACH services, with 84 percent of banks saying they had originated services for mid-sized firms.

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PYMNTS

APRIL 15, 2016

New data from NACHA offered insight into the growth of ACH payments in 2015 and found significant increases in the use of ACH for B2B payments. An announcement on Thursday (April 14) by NACHA said ACH transaction volume increased by more than 5.6 It’s a sign that NACHA President and CEO Janet O.

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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 . That’s strong growth for something that is a mature payment product,” said Larimer.

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PYMNTS

FEBRUARY 19, 2019

NACHA, the steward of the ACH Network, announced Tuesday (Feb. 19) that last year was a milestone year for the ACH Network with payment volume climbing to close to 1.5 In a press release , NACHA said it is the fourth year in a row that the ACH Network added more than 1 billion new payments. billion payments. million debits.

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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.

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PYMNTS

NOVEMBER 5, 2018

NACHA released new statistics late last week on growth of ACH transaction volume in the U.S. According to the firm, B2B transactions were a key driver of ACH transaction growth in the third quarter of the year, leading NACHA Chief Operating Officer Jane Larimer to describe the ACH Network as “thriving.”. NACHA said 43.2

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PYMNTS

AUGUST 12, 2020

Visa has become a part of the ranks of companies experimenting with Phixius, a technology that assists credentialed service providers in exchanging and supervising digital payments data, NACHA said in a Wednesday (Aug. Separately, NACHA released new data on ACH payments adoption and noted that ACH volume in the United States expanded by 7.9

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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.

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Nanonets

MARCH 20, 2023

The ACH network is managed by NACHA, which was earlier known as the National Automated Clearing House Association. NACHA is a non-profit organization that is responsible for the supervising and rule-making functions for ACH transactions. You can use a validation tool offered by NACHA or any third-party tool.

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PYMNTS

APRIL 21, 2020

Leavitt said the current climate presents the opportunity for B2B payments volume to shift to the card rails, while enabling businesses to access much needed credit at the same time. NACHA Notches ACH Growth. The most recent figures for ACH adoption released by NACHA were promising, with the ACH Network recording a 7.1

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PYMNTS

JANUARY 29, 2019

During the fourth quarter of 2018, ACH Network volume saw more growth than it has in the last decade, according to the National Automated Clearing House Association (NACHA), which noted same-day ACH payments also reached a new level. Same-day ACH payment volume also increased by 46 percent over Q4 of 2017. Upwards of 5.9

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PYMNTS

JANUARY 28, 2020

While RTP emerged as a new payment rail to address payment friction, NACHA, which manages the ACH payment rail, announced that its newest service on the legacy payment network, Same Day ACH, is helping to accelerate adoption of the rail. In a press release last week, NACHA said 6.4 Same-Day Boosts ACH Adoption. percent jump.

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Fintech Finance

AUGUST 19, 2024

According to the National Automated Clearinghouse Association (Nacha), same-day ACH volume saw a 47% year-over-year growth when comparing the first quarters of 2023 and 2024, due to factors such as the continual increase in real-time payments usage among consumers and businesses.

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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.

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PYMNTS

APRIL 11, 2018

2017 marks another significant achievement in the evolution of the ACH Network, as transaction volume was exceptionally strong and Same Day ACH was made fully available,” said NACHA Chief Operating Officer and General Counsel Jane Larimer. GDP, with volume that is more than 66 times the number of people in the U.S.

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Payments Source

SEPTEMBER 20, 2018

More than half of U.S. financial institutions have made same-day ACH funds available without seeing any major shifts in fraud. But observers warn that as same-day ACH introduces broader access and bigger transactions, it will become a bigger temptation for fraudsters.

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PYMNTS

NOVEMBER 3, 2020

B2B Drives ACH Volume Up. The latest figures from the ACH Network show a surge in B2B payments volume on the payment rail, new data from Nacha revealed. Commercial payments were a particularly bright spot, with B2B payments volume on the network increasing 12.4 According to the latest stats, the ACH Network saw 6.8

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PYMNTS

SEPTEMBER 17, 2018

NACHA Approves Expansion o f Same – Day ACH. Just last week, NACHA revealed that ACH Network volume surpassed two billion transactions in August, an increase of more than 10 percent compared to the previous year. The value of the payments was $4.5 trillion, an increase of 12 percent compared to last year.

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PYMNTS

JANUARY 26, 2017

The Electronic Payments Association (NACHA), steward and rule maker of the ACH Network, recently provided the Same Day ACH transaction volume data for September 23 to December 30, 2016. Direct deposit made up the largest segment of Same Day ACH transaction volume — some 52 percent, or 6.8 million transactions that totaled $5.9

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Clearly Payments

JANUARY 23, 2024

Suited for routine, high-volume, and low-urgent transactions, ACH transfers are ideal for tasks like payroll, bill payments, and vendor disbursements. Governed by the National Automated Clearing House Association (NACHA), the term “ACH” is widely recognized in the U.S.

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PYMNTS

SEPTEMBER 15, 2017

For NACHA, there’s a rollout of a different sort, with far-reaching impact on how, who and when consumers and enterprises see funds flow. In an interview with PYMNTS’ Karen Webster, Jane Larimer , chief operating officer at NACHA , said that the implementation of Phase 1 of Same Day ACH has gone smoothly, with a live debut last September.

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PYMNTS

NOVEMBER 22, 2016

In an interview with PYMNTS’ Karen Webster, Jan Estep, CEO of NACHA, delved into some of the more significant data points tied to Same Day ACH. $5 That’s the dollar value of Same Day ACH transactions that NACHA saw across the network through the month of October. It was just about what we were expecting.”

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EBizCharge

MAY 8, 2024

The National Automated Clearing House Association (NACHA) governs the ACH network, setting rules and standards for ACH transactions. NACHA ensures the reliability and security of these transactions, providing a backbone for the financial industry, where millions of payments are processed daily, ranging from payroll deposits to bill payments.

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PYMNTS

NOVEMBER 16, 2016

NACHA, the payments association behind the ACH Network, said Tuesday (Nov. In an interview with PYMNTS’ Karen Webster, Jan Estep, NACHA’s president and CEO, said: “We had a lot of questions right after [Same Day ACH] launched, asking us, ‘What is the volume?’ If you build it, they will come. And pay the very same day.

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The Paypers

MAY 8, 2019

(The Paypers) NACHA has announced that the ACH Network’s number of payments in Q1 2019 increased 5.8% from 2018, and the daily average volume of payments increased 7.5%.

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PYMNTS

MAY 16, 2019

Data from the ACH Network shows growth in payment volumes and values across a number of classifications. Drilling down into the data, the overall average daily payments volume was up 7.5 In February 2019, there was a daily record set, when the volume was past 100 million ACH payments per day. percent from the previous year.

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PYMNTS

SEPTEMBER 15, 2017

In a recent interview with PYMNTS’ Karen Webster, Jane Larimer, chief operating officer at NACHA, said the financial services industry has done much preparation in terms of enhancing systems and processing, in tandem with significant testing, after a smooth Phase 1 of Same Day ACH debuted last September. 2016 and July 2017.

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