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News

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

In The News
August 19, 2010 NACHA Phishing Alert (8/19/2010) Email Claiming to be from the "Electronic Payments Association" NACHA – The Electronic Payments Association 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."
August 8, 2010 National Payroll Week is Sept. 6-10 National Payroll Week provides an annual opportunity for the industry to highlight Direct Deposit as the simple, smart, safe, and green way of administering and receiving pay. Providing the spring board for driving Direct Deposit adoption, National Payroll Week generates a timely opportunity to promote Direct Deposit.
July 22, 2010 NACHA Phishing Alert (7/22/2010) Email Claiming to be from NACHA NACHA – The Electronic Payments Association has received reports that individuals and/or companies have received a fraudulent email that has the appearance of having been sent from NACHA. See here for details.
July 20, 2010 NEACH RDC 2010 Summit Discount! Members of NEACH are eligible to receive a $50 discount on registration to the RDC Summit 2010 in Orlando, Florida. RDC Summit 2010 is the one and only forum dedicated to the trends, issues and innovation that embody the Remote Deposit Capture and Payments industry.
July 12, 2010 NEACH Member Photo Calendar is Back for 2011! NEACH is now accepting member photo submissions to be included in the 2011 calendar! Submit your photos today and have them published along with your name and financial institution. Simply send us a digital photo by August 27th and you're in the running.
July 2, 2010 ACH Operations Bulletin: Impact of Federal Reserve Overdraft Opt-In Rule on RDFIs and ACH Payments This ACH Operations Bulletin provides clarification and guidance to Receiving Depository Financial Institutions, on the application of the Federal Reserve Board's recent amendments to Regulation E on overdrafts. The Overdraft Opt-In rule will only impact card initiated ACH transactions such as POS, SHR and MTE.
July 1, 2010 Originator Watch List Now Available NACHA's Originator Watch List is now available for access by all financial institutions and the ACH Operators. The Originator Watch List, a component of NACHA's strategic risk-management framework for the ACH Network, identifies Originators and Third-Party Senders that meet certain specified risk criteria. Designed to augment existing assessment and decision-making measures, ODFIs are encouraged to consider this information as a part of their underwriting and risk-management procedures.
June 30, 2010 NACHA 2010 ACH Rules Supplement #1 Since the publication of the 2010 edition of the ACH Rules, NACHA's Voting Membership has approved two amendments to the NACHA Operating Rules. The Rule changes for both Rules Simplification and Mobile ACH Payments will become effective on January 1, 2011. Details of these changes enclosed.
June 17, 2010 NACHA Launches State Tax Change Portal NACHA - The Electronic Payments Association® today announced that it has launched the State Tax Change Portal by NACHA, www.nachataxportal.org. Developed by NACHA in conjunction with the Federation of Tax Administrators (FTA), the State Tax Change Portal functions like a listserv and directly alerts subscribers to changes in ACH taxing authority routing and format requirements for state business tax payments.
June 2, 2010 FS-ISAC Releases Cyber Attack against Payment Processes (CAPP) Exercise Results NEACH and several of our members participated in this 3 day (CAPP) Exercise. The responses by NEACH, NEACH members along with other organizations have lead to key recommendations as it relates to cyber attacks and the impacts to businesses and FIs. See here for the official press release.
May 12, 2010 May 2010 marks Direct Deposit/Direct Payment Month May 2010 marks Direct Deposit/Direct Payment Month. This month is an opportunity to highlight and promote the positive aspects of Direct Deposit and Direct Payment to individuals, businesses, financial institutions, and anyone who wants a simple, safe, smart way to move money.
May 2, 2010 FedACH SameDay Service Announcement The Federal Reserve Banks are announcing planned availability of Summer 2010 for their new FedACH® SameDay Service, a proprietary service that accomplishes processing, editing, distributing, and settling of select ACH forward payments during the current processing day.
January 20, 2010 NACHA Risk Management News: Winter 2010 Edition Look here for the latest issue of NACHA Risk Management News (Volume 6, Issue 1).
December 30, 2009 NACHA Government Relations Digest The 2009 Year End edition of the NACHA Government Relations Digest.
December 22, 2009 Notice to Members: SSA Sends Correction to Benefits Notice The Financial Management Service has asked NACHA and the Regional Payment Associations to distribute the following message regarding benefits payment notifications for Social Security Benefits.