The ACH Network is thriving! In 2Q 2024: ✅ 8.3 billion ACH payments were processed, totaling $21.6 trillion. ✅ There were 292.3 million Same Day ACH payments, an eye-popping 46.6% increase. ✅ Business-to-business (B2B) payments volume totaled 1.8 billion, an increase of 10.9% from 2Q 2023. See how the modern ACH Network continues to grow: https://hubs.la/Q02H4QRw0
Nacha
Banking
Reston, Virginia 17,517 followers
Nacha governs the thriving ACH Network, the payment system that drives safe, smart and fast Direct Payments.
Über uns
Nacha is a nonprofit organization that convenes hundreds of diverse organizations to enhance and enable electronic payments and financial data exchange within the U.S. and across geographies. Through development of rules, standards, governance, education, advocacy, and in support of innovation, Nacha’s efforts benefit the providers and users of those systems. Nacha governs the thriving ACH Network, the payment system that drives safe, smart, and fast Direct Deposits and Direct Payments with the capability to reach all U.S. bank and credit union accounts. There were 31.5 billion ACH Network payments made in 2023, valued at $80.1 trillion. Through problem-solving and consensus-building among diverse payment industry stakeholders, Nacha advances innovation and interoperability in the payments system. Nacha develops rules and standards, provides industry solutions, and delivers education, accreditation, and advisory services.
- Website
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http://www.nacha.org
External link for Nacha
- Industrie
- Banking
- Größe des Unternehmens
- 51-200 Mitarbeiter
- Hauptsitz
- Reston, Virginia
- Typ
- Nonprofit
- Gegründet
- 1974
- Spezialitäten
- electronic payments, ACH Network, NACHA Operating Rules, Education, AAP accreditation, and Rulemaking
Standorte
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Primäre
Wegbeschreibung erhalten
11951 Freedom Drive
Suite 1001
Reston, Virginia 20190, US
Employees at Nacha
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Les (Larry) Smith
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Victoria D.
Chief Communications Officer (CCO) at Nacha
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Rob Abrams
Managing Director - Global Industry Lead & General Manager Mobility Payment Solutions@ JPMorgan Chase | Payments Expert | NACHA Board Member |…
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Kerry Sellen, AAP, APRP
Payments Consultant at Nacha Consulting
Aktualisierungen
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In 1993, ACH volume surpassed 2 billion payments in a single year for the first time (and was celebrated in that year’s annual report). #CelebrateNacha #FunFactFriday
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Nacha’s Executive Vice President of ACH Network Administration Michael Herd presented “Expanding the Reach of ACH and Where Your FI Comes” at Wespay’s Payments Symposium this week. Michael shared new Nacha research on how to increase ACH usage by subscription firms, discussed ways to promote ACH as a method for nonprofits to collect donations, and much more. Thanks for having us!
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The Accredited ACH Professional (AAP) is a mark of excellence, earning respect from colleagues, auditors and regulators. Showcase your expertise and knowledge with a distinction that sets you apart in a complex industry. Don’t let this opportunity pass you by! The exam window is October 7 – November 2. Register here: https://hubs.la/Q02L5VzQ0
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Join our webinar on Standardizing Payments Information with Modern Treasury to streamline your finance operations. Expert insights, live Q&A, and essential strategies. Register now! https://hubs.la/Q02PmbzR0
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Treasury Software has been a Nacha Preferred Partner since 2017. To learn more about Nacha’s Preferred Partners or how Treasury Software helps advance the ACH Network, visit https://lnkd.in/eZ2v33QW or https://lnkd.in/esyC3rkD.
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At TPI Home School, you can follow a specific school of study, or mix & match to take classes across a range of topics like Same Day ACH and mitigating risk. Ready for an outstanding virtual learning experience? Register today: https://hubs.la/Q02w_65Q0.
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Join Nacha and Mastercard Open Banking for a complimentary webinar on Sept. 10, Better Payments Through Identity Verification: Safeguarding Transactions Against Fraud. Learn how to comply with Nacha’s Web Debit Rule and how to safeguard your customers against fraud. Register today! https://hubs.la/Q02LHtcP0
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🔧 Get the 'Must Have' Tools for Your Toolbox. 🧰 #DYK you can save up to 20% on your purchase of any 2024 Nacha Operating Rules & Guidelines products in the Nacha Store? To unlock the automatic discount, simply add a minimum of five items of the same format to your cart. From ACH compliance to risk management, the Nacha Store offers what you need to be ready for your annual ACH audit, including the 2024 Nacha Operating Rules & Guidelines. Don’t miss out! Shop now: https://lnkd.in/ed66CkPg
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In 1988, ACH pioneer Elliott McEntee became Nacha President and CEO, a role he held for 20 years after leaving the Federal Reserve System. Nacha and the ACH Network grew exponentially under Elliott’s leadership, thanks in part to the people and the structures he cultivated. #PaymentsInnovation #CelebrateNacha #FunFactFriday Have any memories of working with Elliott? Share them below!
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