A new press release from NACHA reports that U.S. companies have saved $605 million yearly by switching employees to Direct Deposit. That's an average per employee savings of $176.55 per year!
NEACH has completed a comprehensive study on the findings of a NEACH RDC Member Survey on the remote deposit capture services (RDC) offered by its members. Over 200 commercial and cooperative banks, credit unions, and savings institutions provided data about their plans f...
On Thursday, March 5, the U.S. Department of the Treasury Office of Foreign Assets Control (OFAC) informed NACHA and representatives from The Clearing House that, in response to industry requests, it is revising its requirements for the processing of inbound IAT debits. Th...
Pay It Green