The document provides an overview of the ACH (Automated Clearing House) network and its operations, as presented by speaker Justin Muscolino. It outlines the objectives of NACHA (National Automated Clearing House Association), recent and upcoming rules, and various program areas supported by ACH fees. The ACH system is highlighted as the largest and safest payment network, serving both consumer and B2B transactions since the 1970s.

1. Nacha Overview
Speaker: Justin Muscolino

2. Agenda
• Overview of ACH
• Objectives of Nacha
• Nacha recent and upcoming rules
• Takeaways

3. • ACH has been around since its inception in the 1970’s.
• ACH makes payments easier, by depositing your paycheck to making credit
card payments.
• It’s not just for consumers, but also for B2B transactions.
• ACH is the largest and safest payment system in the world.
Overview of ACH

4. • NACHA provides the legal foundation for the ACH Network through the
development and maintenance of the NACHA Operating Rules.
• NACHA provides enforcement of the NACHA Operating Rules, and they do
this through the National System of Fines.
• Under the NACHA Operating Rules, depository financial institutions
participating in the ACH Network pay a fee on all inter-bank ACH
transactions.
• NACHA uses these fees to cover costs incurred in six major program areas
as an Administrator of the ACH Network.
Nacha

5. • Risk Management Portal
• ACH Contact Registry
• Third-Party Sender Registration
• Direct Access Status Registration
• Nacha Certified
• Third-Party Sender Identification Tool
• Payments Enablement
Nacha Perks

6. • Third-Party Sender Roles and Responsibilities - June 30, 2022
• Supplementing Data Security Requirements (Phase 2) - June 30, 2022
• Micro Entries (Phase 1) – September 16, 2022
• Third-Party Senders – September 30, 2022
Recent and Upcoming Rules

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