NACHA
National Automated Clearing House Association
NACHA is the organization that governs the ACH network in the United States, setting the rules and standards for electronic payments between banks.
NACHA develops operating rules that all ACH participants must follow. These rules cover everything from transaction formats to timing and error resolution. NACHA continues to modernize the ACH network with faster processing and enhanced capabilities.
Related Terms
ACH
Automated Clearing House
ACH is an electronic network for financial transactions in the United States. It processes large vol...
EFT
Electronic Funds Transfer
EFT is a broad term for any transfer of money from one bank account to another through electronic me...
FedACH
Federal Reserve ACH
FedACH is the ACH operator service provided by the Federal Reserve Banks, processing electronic paym...
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