News

Here is the latest news, announcements, and press releases relative to ACH and the financial industry.

In The News
January 24, 2012 Celebrate AAP Recognition Day on February 14, 2012 To raise awareness and highlight the importance of the AAP accreditation, NACHA - The Electronic Payments Association and the Regional Payments Associations celebrate AAP Recognition Day, an annual event that seeks to bring a higher profile to this significant achievement among payments professionals.
January 24, 2012 February 19-26, 2012 is America Saves Week The goal of America Saves Week is to engage a variety of organizations across the region in targeted activities that encourage individuals and families to use split deposit to achieve savings goals. Join us in participating in this important event.
December 14, 2011 Announcing the 2012 Education Program and Club Membership The NEACH 2012 Education Program is the broadest, most comprehensive program ever offered by NEACH. The program includes 72* sessions in teleseminar, webinar, workshop, or on-demand format.
October 27, 2011 NACHA Request for Comment: Expedited Processing and Settlement This proposal would amend the NACHA Operating Rules to enable ACH entries to be processed and settled on the same day that they are originated. Currently, the Rules provide that the effective date of an ACH entry – the date on which the Originator intends settlement to take place - must be one banking day in the future for a debit, and one or two banking days in the future for a credit.
August 2, 2011 Breaking News - Originator Training Now Available This all new, on demand, solution provides information in clear and understandable language to make corporate customers understand their obligations under ACH Rules. The nine courses, based on payment applications, provide a complete review of the obligations and warranties of Originating Companies outlined in the NACHA Operating Rules.
June 30, 2011 FFIEC Supplement on Authentication Guidance The Federal Financial Institutions Examination Council1 (FFIEC) issued a supplement to its Authentication in an Internet Banking Environment guidance, issued in October 2005. The purpose of the Supplemental Guidance is to reinforce the risk-management framework described in the original guidance and update the FFIEC member agencies' supervisory expectations regarding customer authentication, layered security, and other controls in the increasingly hostile online environment.
June 24, 2011 The NEACH Membership Calendar is Back for 2012! Don't miss out on having your photo published and your financial institution represented in the 2012 Member Photo Calendar! Send us a digital photo you or somebody you know has taken of a pet or wildlife for a chance to be published. Selected photos will be displayed in next year's calendar with your pet's name, your name and financial institution.
May 2, 2011 NACHA Seeks Financial Institution Participation in a Survey on ACH Processing and Settlement Windows Update: At the request of several Members, the online survey will be available until the close of business on Friday, May 6, 2011. NACHA is conducting a survey of financial institutions to gain a better understanding of industry capabilities and capacity around the concept of developing more frequent and flexible processing and settlement schedules for the ACH Network.
April 25, 2011 Fraudulent Emails Claiming to be from NACHA and Action Request NACHA – The Electronic Payments Association has received reports that individuals and/or companies continue to receive fraudulent emails that have the appearance of having been sent from NACHA. Please forward fraudulent emails claiming to be from NACHA to abuse@nacha.org.
April 11, 2011 DEADLINE EXTENDED: IAT Modifications and Refinements Request For Comment/Request for Information Please note that comments on the IAT Modifications and Refinements Request For Comment/Request for Information will be accepted through Thursday, April 14, 2011. If you have previously attempted to complete the survey but experienced technical difficulties, note that those technical issues have been resolved, and you are encouraged to complete the survey.
March 30, 2011 $5000 in Scholarships Available to NEACH Members! NEACH is offering two scholarship opportunities, each valued at up to $2500. Apply now by completing the Scholarship Nomination Form and returning to NEACH by April 29, 2011. Don't miss this chance to nominate yourself or a co-worker for this unique and rewarding educational opportunity.
March 29, 2011 UPDATED: Request for Information; ACH Security Framework, Feedback Due by Friday, March 25, 2011 UPDATE: The NEACH response is now attached to this story. ORIGINAL TEXT: NACHA requests industry feedback in connection with a proposed ACH Security Framework. The Framework is an outline of topics that potentially could be addressed by proposed new rules that, in the aggregate, would address the security and integrity of certain sensitive ACH data and require the authentication of certain parties to ACH transactions.
February 22, 2011 NACHA Phishing Alert (2/22/11) Email Claiming to be from the Electronic Payments Association NEACH has received reports that individuals and/or companies have received a fraudulent email that has the appearance of having been sent from NACHA and signed by a non-existent NACHA employee. Specifically, this email claims to be from the Electronic Payments Association and appears to be coming from the email address "payments@nacha.org."
February 11, 2011 February is Go Direct Month Soon, the U.S. Department of the Treasury will pay all federal benefit and non-tax payments electronically. Help people sign up to get their benefits paid electronically with the Go Direct campaign!
October 28, 2010 NEACH Mobile Banking Mini Survey Report Published Earlier this year, Breffni McGuire, NEACH, and Marianne Crowe, Federal Reserve Bank of Boston conducted a quick three-question "Mini Survey" to update information they had gathered for a major survey on Mobile Banking in New England: The Current State of the Market, which was done in late 2008. NEACH has now published a report summarizing the results of this questionnaire, Mobile Banking in New England: Findings From Mini Survey.