Nacha requests comment on a proposal for a series of three additional increases to the dollar limit for all Same Day ACH payments.  Since its inception in 2016, enhancements to Same Day ACH have been implemented on a set schedule.  In March 2020, the initial dollar limit on Same Day ACH payments was increased to its current level of $100,000.  The increase had an immediate impact on Same Day ACH usage, as the average amount of a Same Day ACH payment increased by 40%.  Nacha now seeks comment on additional increases to the Same Day ACH dollar limit.  Responses on this proposal are requested by Friday, January 22, 2021.

Burlington, MA, December 2, 2020 – The New England Automated Clearing House (NEACH) announced the appointment of four new members to its board of directors: Scott Ambroceo, Senior Vice President- Head of Operations and Human Resources, Coastal Heritage Bank; Jeannine Hardy, Vice President – Cash Management, Salem Five Bank; Benjamin Lannin, Vice President and Payment Risk Manager, Avidia Bank; and Patricia Mullin, Senior Vice President, Director of Treasury Management, Cambridge Trust Company.

Burlington, Mass., November 23, 2020 — The New England Automated Clearing House (NEACH) today announced the appointment of Steve Roy, President and CEO of Tricorp Federal Credit Union in Westbrook, Maine, as board chairperson.

Burlington, MA, October 19, 2020 – The New England Automated Clearing House (NEACH) today announced that Rayleen Pirnie, AAP, CERP, has joined the company as the Director of Risk and Fraud.

The New England Automated Clearing House (NEACH) today announced the appointment of Connie Loveland, Chief Financial Officer and Treasurer of Fidelity Bank in Leominster, Mass., to its board of directors as board chair.