Nacha

The modern ACH Network is thriving! In 3Q 2024: ? 8.4 billion ACH payments were processed, totaling $21.5 trillion in value. ? 355.2 million payments were made via Same Day ACH, totaling $844 billion in value. ? An increase in volume was seen across all major ACH Network payment categories, including a 12.6% and 7.8% increase in business-to-business and healthcare claim payments respectively. See how the modern ACH Network continues to grow: https://hubs.la/Q02TJdtG0

Protect your customers and family from common mobile device scams with Nacha's Payments Innovation Alliance new “Let’s Talk Turkey” guide! It explains how to spot suspicious texts, calls from unknown numbers and scammers posing as government officials. Download the guide today and share to keep your community and loved ones safe! https://hubs.la/Q02Zln2B0 #Cybersecurity #MobileSecurity #ConsumerProtection #PaymentsInnovationAlliance

Interested in shaping the future of payments? Join Michael Herd and Nacha’s Payments Innovation Alliance to help define the meaning of ‘Pay by Bank.’ This new project team is diving into consumers’ understanding and use of Pay by Bank, as well as examining Pay by Bank use cases and addressing consumer education needs and opportunities. Financial institutions, fintechs, corporates and legal experts—get involved to lead the transformation in payments. Learn more about joining: https://lnkd.in/gg8ZdSin

Protect your customers and family from common mobile device scams with Nacha’s Payments Innovation Alliance new “Let’s Talk Turkey” guide! It explains how to spot suspicious texts, calls from unknown numbers and scammers posing as government officials. Download the guide today and share to keep your community and loved ones safe! https://lnkd.in/g-nE85wY #Cybersecurity #MobileSecurity #ConsumerProtection #PaymentsInnovationAlliance

The deadline to submit presentation proposals for Smarter Faster Payments 2025 is almost here. Submit your proposal by Friday, November 29! We’re seeking innovative, thought-provoking session proposals for our premier payments industry conference, taking place April 27-30, 2025, in New Orleans. If you have insights on topics like blockchain, open finance, treasury services and more, this is your chance to shape the future of payments! ??? Deadline: Friday, Nov. 29, 2024.Submit your proposal for #Payments2025 today: https://hubs.la/Q02Z7jD20

Effective Oct. 1, Nacha Rules give ODFIs more opportunities to request entries be returned. Now, ODFIs can ask for the return of any entry, not just those involving errors like wrong accounts or duplicate entries. RDFIs are still allowed to use discretion, and beginning April 1, 2025, RDFIs will be required to provide ODFIs with a status for the request. Financial institutions are encouraged to communicate about these requests using the new Secure Exchange in Nacha’s Risk Management Portal. Explore how your financial institution can benefit from this new rule. https://hubs.la/Q02WZYPN0

Catch this exciting session during Nacha’s Payments Legal & Compliance Summit happening virtually Dec. 4-5, 2024. Whether you're a legal professional, manage risk and compliance matters at your organization, or just curious about payments, this session is packed with insights you won't want to miss! ?? See the full agenda and register today! https://hubs.la/Q02WkgDS0

Legal, risk and compliance professionals can’t afford to miss the upcoming Payments Legal & Compliance Summit on Dec. 4-5! Our advanced-level program will keep you current on the latest compliance and regulatory developments across all payment networks. Join us for an incredible experience hosted by Nacha. ?? https://hubs.la/Q02W9W-l0

With the Nacha Rule update effective Oct. 1, RDFIs are better equipped to handle potentially fraudulent transactions. Return Reason Code R17 can now be used at the discretion of the RDFI to return any entry deemed questionable, including credit-push payments. This broader application provides more control and enhances security. Read more about how to implement these new fraud prevention measures. https://hubs.la/Q02WZXzB0

Catch this exciting session during Nacha’s Payments Legal & Compliance Summit happening virtually Dec. 4-5, 2024. Whether you're a legal professional, manage risk and compliance matters at your organization, or just curious about payments, this session is packed with insights you won't want to miss! ?? See the full agenda and register today! https://hubs.la/Q02W9RT60