nacha

Nacha is a nonprofit organization that brings together hundreds of different organizations to improve and enable the flow of financial data both within and outside of the United States. The providers and users of those systems profit from Nacha's work through the development of regulations, standards, governance, advocacy, education, and support for innovation. Nacha manages the thriving ACH Network, the payment system that powers secure, quick, and efficient direct deposits and payments that may be made to any bank or credit union account in the United States. In 2021, there were over 29 billion ACH Network payments made, totaling around $73 trillion.  Nacha promotes innovation and interoperability in the payments system through problem-solving and consensus-building among various players in the payment industry. Nacha creates guidelines and specifications, offers business solutions, and offers advisory, accrediting, and educational services. Nacha was founded in the year 1970 and the company is placed in Virginia.