ACH volume surpasses 25 billion payments, according to NACHA.
Rules require CUs originating ACH transfers to identify and register their third-party sender customers with NACHA.
The move aligns the Fed's same-day ACH service with NACHA's rules. Trades express concern about costs to credit unions.
Amendment to NACHA operating rules ups the movement of funds between FIs to three times daily.
Kelly Yawn guilty of stealing half a million from $22M credit union.
Payments CUSO Chairman Mike Valentine tells credit unions the firm has a strategic plan in place.
Rule would allow two new same-day settlement windows for three ACH network settlements each day.
The relatively new international ACH is as reliable as a wire, and is more cost effective.
LAS VEGAS — Money20/20 conference kicks off with panelists at early sessions confident payments are nearing several tipping points.
Guidelines aim to reduce the incidence of ACH transactions that result in exceptions and returns.