Tag: Blog
If your bank or credit union has an item to return, wouldn’t you want it out the door ASAP? It can be done. Returns can go right out using same day processing windows. But that capability is being underutilized, and misconceptions appear to be a major reason why.
NEW ORLEANS—Open banking has a lot of moving parts, but at the end of the day it might well come down to two words: consumer acceptance.
NEW ORLEANS—If ever there was a case where misery loves company, it’s fraud.
“Fraud is a global issue. I think we all know it’s not just a domestic one in payments,” said Jane Larimer, Nacha President and CEO.
In today’s dynamic payments environment, in which payment mechanisms continue to evolve and the need for robust banking solutions is paramount, the importance of having a solid business banking program continues to be a priority for many financial institutions.
The number of businesses using both standard and Same Day ACH grew significantly from 2023 to 2024, a new Federal Reserve report found.
NEW ORLEANS—For all the talk that artificial intelligence will lead to more payments fraud, maybe it’s just the opposite.
NEW ORLEANS—A mom-and-pop restaurant is way different from a neighborhood lawn care company, which has little in common with the one-person consulting firm.
NEW ORLEANS—Jordan Bennett was working at the Federal Reserve when Hurricane Katrina slammed the Gulf Coast, and he remembers banks needing their ACH files as lines of communication were cut.
Cryptocurrency has evolved from a niche digital asset years ago into a disruptive force in financial services today. In its earliest days, it was seen as a speculative investment; it now plays an emerging role in payments, banking and global finance.
NEW ORLEANS—You wouldn’t find Pepsi working with Coke, but when it comes to the two ACH Operators, it’s a very different story.
NEW ORLEANS—It’s bad enough when anyone falls victim to credit-push fraud, but some cases really make Tim Thorson’s blood boil.
NEW ORLEANS—Whether you work in an office or at home, you probably don’t think it has much in common with the space shuttle. Or does it? Mike Massimino flew the shuttle twice and believes those of us on the ground can learn a lot from the work ethic up there.
NEW ORLEANS—To everyone who’s ever gotten what seems like a brainstorm, only to quickly flip and decide, “Nah, that’ll never fly,” Kyle Scheele hopes you’ll think twice.
It’s a figure even the FBI called “staggering”: The losses reported to its Internet Crime Complaint Center (IC3) in 2024 totaled $16.6 billion, the bulk of which came from fraud. And among those frauds, business email compromise (BEC) remained a pervasive threat.
Even as business-to-business payments continue increasing on the ACH Network, a new survey finds the number of organizations using checks actually climbed last year, leaving experts wondering if there’s been a serious misunderstanding.
Did you know there’s such a thing as International ACH Transaction, or IAT? There is. In fact, there were nearly 121 million IATs in 2024, both debits and credits, which is impressive, but Nacha believes much greater use can be made of this payment tool.
The Nacha Rules require financial institutions to establish, implement, and periodically review exposure limits for their Third-Party Sender (TPS) customers and for their Originator customers. Third-Party Senders are also required to do the same for their Originator customers.
Dentists are flocking to electronic funds transfer (EFT) for claim payments, with a new report finding a 43% jump in those payments from 2022 to 2023.
The Nacha Rules require financial institutions and Third-Party Senders (TPSs) to conduct Rules Compliance Audits and risk assessments of their ACH activities. The Rules also state an ODFI is responsible for all Entries originated through the ODFI, whether by an Originator or through a TPS.
As we forge our path into 2025, it can be helpful to take a moment to reflect on recent developments and also consider new, emerging trends.