Welcome to the News View for "NACHA".
Here, on these archive pages, you'll find all of the articles on Payments News for NACHA listed in date sequence beginning with the most recent article at the top of the page.
Click here for a complete listing of what's available in the Payments News Archive - organized by both posting date and subject category.
A new study released today by NACHA and PayItGreen says nearly 30% to 40% of consumers who receive their financial statements and bills online also receive paper versions. The study finds that this trend surprisingly exists primarily among Gen Y and Early Adopters.
Secure Vault Payments announced it has added Regions Financial Corporation to the Secure Vault Payments (SVP) Network. Regions will offer the online payment option to customers in 16 states across the South, Midwest and Texas.
“Merchants and consumers alike are increasingly seeking convenient and secure online payment options, particularly for large dollar transactions,” said James Hicks, head of Treasury Services for Regions Financial. “Regions’ participation in Secure Vault Payments will allow us to provide additional payment choices and benefits to our customers.”
Secure Vault Payments is the only online payment method that links consumers directly to their bank account without a middleman. Secure Vault was developed by NACHA — The Electronic Payments Association and eWise, a provider of online and mobile payment solutions.
On the web:
On the wires:
Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated.
Two-thirds of small businesses in the United States don’t offer Direct Deposit to employees, according to a new study from NACHA and eCom Advisors. "That is just over three million companies that are still issuing payroll by check and 18 million employees who don’t have the option to be paid electronically."
On the wires:
On the web:
Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated.
eWise has announced the availablity of Secure Vault Payments to the nonprofit market at the 48th Annual Association for Fundraising Professionals International Conference.
FamilySearch International has signed a pilot agreement with U.S. Bank to evaluate Secure Vault Payments (SVP) as a secure and convenient online payment option for FamilySearch.org patrons to make online donations.Secure Vault Payments is an online payment network developed by NACHA and eWise.
NACHA has announced the election of new officers to its Board of Directors. The elected officers will serve a two-year term:
Headline News is compiled by Glenbrook Partners:
Note: Throughout the day, as we spot interesting developments, this post is updated.
NACHA—The Electronic Payments Association has announced that its membership has approved a new rule on mobile ACH payments as part of the NACHA Operating Rules. The Mobile ACH Payments Rule establishes a framework for companies and financial institutions that are accepting, or intend to process, mobile-initiated ACH debit payments from consumers. READ MORE »
NACHA has announced the recipients of its 2010 Payments System Awards at its PAYMENTS 2010 conference. The awards recognize outstanding individuals and organizations for their superior leadership, innovation, and excellence in the development, implementation, or advancement of electronic payments. This year's awards recipients include:
"It is because of the efforts and vision of this year's award recipients and others like them that the ACH Network remains one of the most efficient, safest, and greenest payments networks in the world," said NACHA President and CEO Jan Estep. "Their commitment to excellence, innovation, and quality is what makes the ACH Network what it is today. We are pleased to recognize their outstanding contributions to the industry by honoring them with these distinguished awards." READ MORE »
Attendees at NACHA's PAYMENTS 2010 conference in Seattle are tweeting their comments using the hashtag #payments2010. Follow them on Twitter - including Glenbrook's Erin McCune!
NACHA has issued its annual lists of the top 50 originating and receiving financial institutions of automated clearing house (ACH) payments for 2009. The NACHA top 50 originating financial institutions accounted for 88.3 percent of the total ACH transaction volume and 95.9 percent of the commercial (non-federal government) ACH transaction volume in 2009. Those in the top 50 on the receiving side accounted for 55.6 percent of the total ACH transaction volume in 2009.
JP Morgan Chase again topped the list of originating FIs - although Wells Fargo and Bank of America (#2 and 3 respectively) had significantly higher growth rates vs. Chase's decline of 7% in originating volume. READ MORE »
NACHA has reported that ACH payment volume increased by more than 475 million transactions in 2009, bringing year-end total transaction volume to 18.76 billion, a 2.6 percent increase over 2008 activity.
According to NACHA, "year-over-year comparisons demonstrated strong volume increases in ACH native electronic payments — Direct Deposit, consumer Internet transactions, and B2B transactions — and in back office check conversion. In addition, NACHA is reporting a continued positive trend in risk mitigation, witnessed by the ongoing decline in the unauthorized debit volume." READ MORE »
NACHA has announced that Twitter co-founder and Square CEO Jack Dorsey and Square chairman Jim McKelvey will be the keynote speakers at the opening general session of PAYMENTS, the annual conference of NACHA—The Electronic Payments Association. This session will take place at 9:15 a.m. Pacific on Monday, April 26, 2010, at the Washington State Trade and Convention Center in Seattle. READ MORE »
Today over on our sister site PaymentsViews.com, our Glenbrook colleagues Carol Coye Benson and Erin McCune have each published articles about ACH. Carol recently interviewed NACHA CEO Jan Estep - see her article ACH: Big Questions for the Biggest Network. Erin's article discusses her thoughts on the future of ACH.
Synovus has announced an agreement with the University of Georgia to launch Secure Vault Payments (SVP) as a new tuition payment option. Synovus said that in 2008 it "became the first bank in the U.S. to offer customers this fast, safe and easy option for making payments online." READ MORE »
Over on our PaymentsViews.com website, Glenbrook's Erin McCune shares her perspectives on last week's NACHA Payments 2009 Conference in Orlando.
See also Erin's earlier post about the keynote given by Heidi Miller from JP Morgan Chase.
A number of awards are being given at this years conference - including:
NACHA has published its lists of the top 50 ACH originators and receivers for 2008. The origination side is very concentrated with the top 10 originating financial institutions accounting for 73.3 percent of all interbank ACH payments in 2008, up slightly from 72.5 percent in 2007. For the receiving side, most closely representing the distribution of financial institutions deposit accounts across the industry, the top ten receiving institutions accounted for 39.4 percent of all interbank ACH payments in 2008, up slightly from 38.3 percent in 2007.
The number of ACH payments in 2008 topped 18.2 billion, representing an increase of 1.2 billion over 2007, according to statistics released today by NACHA – The Electronic Payments Association at its PAYMENTS 2009 conference. The dollar value of consumer ACH payments made via the Internet is nearing $1 trillion annually ($939 billion in 2008). READ MORE »
This week, NACHA's Payments 2009 Conference is being held in Orlando. Our Glenbrook colleagues Erin McCune and Bryan Derman are attending the conference and will be sharing some of their learnings and reactions over on Glenbrook's PaymentsViews.com. Erin kicks off the coverage with an update on the latest B2B payments stats - and she'll also be tweeting her observations from her Twitter account (@erinmccune) using the hashtag #pay09. Bryan's on Twitter too: @bdermanct. If you'd like to meet with Erin or Bryan in Orlando this week, drop them an email!
NACHA has announced that the number of US ACH payments in the 4th quarter 2008 grew by 4.5 percent over the same period in 2007, topping 3.8 billion. "Internet-initiated ACH payments (known as “WEB” entries) experienced robust growth, increasing 16.5 percent over 4th quarter 2007 volumes. Strong growth also occurred with certain business-to-business payments (known as “CTX” entries) in which remittance information is exchanged electronically. The number of these payments grew by 15 percent over 4th quarter 2007 levels." READ MORE »
NACHA has announced that Heidi Miller, CEO of J.P. Morgan’s Treasury & Securities Services, will keynote and open its PAYMENTS ‘09 conference being held April 5 - 9 at the Orlando World Center Marriott in Orlando, Fla. Steve Case, chairman and CEO of Revolution LLC, will headline the Industry Agenda General Session. READ MORE »
In an article titled "The Holdup at Online Banks", Karen Blumenthal writes about why "transferring money between a savings account at one bank and a checking account at another easily takes two days -- and sometimes as many as four."
NACHA has announced that its PAYMENTS 2009 annual conference will be held April 5 - 9, 2009, at the Orlando World Center Marriott in Orlando, Fla.
Glenbrook's Russ Jones recently met with Ken Myles of NACHA to get an update on NACHA's Secure Vault Payments initiative. Read on for Russ' insights and reactions to what he learned. READ MORE »
Glenbrook’s Carol Coye Benson interviewed Steve Ellis, NACHA Chairman, recently about the use of ACH to access consumer checking accounts and NACHA's Secure Vault Payments initiative. Read on for her full report. READ MORE »
Navy Federal Credit Union, the largest credit union in the world and the 22nd largest receiving financial institution of ACH payments in the nation, has announced it has joined NACHA—The Electronic Payments Association. READ MORE »
NACHA has announced that Fidelity National Information Services (FIS) will offer NACHA’s Secure Vault Payments solution to its clients. FIS will offer Secure Vault Payments to current clients as well as financial institutions without an existing relationship with FIS. READ MORE »
Contacts:
Compilation Copyright © 2002 - 2012 Glenbrook Partners LLC. All Rights Reserved.
Terms of Use Privacy Policy RSS Feed 
Follow Payments News on Twitter for Real-Time Updates
