Nacha, the regulatory body for the automated clearing house network, said its Payments Innovation Alliance group has initiated an effort to define the term “pay by bank” for various industry stakeholders. Flexa announced it will now process digital-currency transactions for more than 750 Sheetz convenience stores in the Mid-Atlantic region. The …

Faster payment volumes continue to mount in the U.S. market as Nacha, the regulatory body for the nation’s automated clearing house network, announced early Thursday same-day transaction volume grew 67.5% in the third quarter compared to the same period in 2023. That growth resulted in 355.2 million payments, compared to …

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Since the 2016 launch of same-day automated clearing house payments, the payment type has done nothing but grow. The 2024 second quarter is no exception, with the latest figures showing 292.3 million transactions, a 46.6% increase from 199.4 million in 2023’s second quarter, according to Nacha, which administers the ACH …

Nacha, the governing body for the automated clearing house network, has approved a new set of rules aimed at curbing the growing threat of credit-push fraud. Credit-push fraud uses social engineering and email phishing attacks to deceive someone into sending funds to a criminal-controlled account. Common examples of credit-push fraud …

With money mule activity on the rise, Nacha, the governing body for the automated clearing house network, has released an infographic to educate consumers about unwittingly becoming money mules. Money mules help criminals launder money from online scams, fraud or crime, such as human and drug trafficking, unknowingly or knowingly. …

Nacha, the governing body for the automated clearing house network, reported the system processed 212 million same-day payments worth $608 billion in the September quarter, up 20% and 27.1%, respectively, over the same period last year. Total volume for all ACH payment types for the quarter came to 7.8 billion, …