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HomeBankingNacha: Adopts Rules for the Ongoing Modernization of ACH Payments

Nacha: Adopts Rules for the Ongoing Modernization of ACH Payments

Date:

  • Nacha has approved eight new amendments to the Nacha Operating Rules governing the use of ACH payments
  • Many of the changes reflect a long-term strategy to modernize the ACH system
  • Most significantly, two of the rules provide businesses, financial institutions, payment providers and technology companies
  • Nacha and our members work to evolve the ACH ecosystem as new business needs arise and as technology changes
  • Other components of the new rules include reducing several administrative requirements associated with obligations
  • ACH Network will remain a compelling and effective payment choice for consumers and businesses

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