NACHA Expands Same-Day ACH Limit to $1M
As expected, NACHA today increased the dollar limit for same-day ACH transactions from $100,000 to $1 million. The change was ...
Tag: Payments
Biden Signs Executive Order to Advance Digital Assets, Explore CBDC
President Biden today signed a long-awaited executive order directing government agencies to take “concrete steps” to advance the use of ...
The Clearing House: ACH Transaction Volume on EPN Network Outpaces National Level
As bank customers increasingly turn to electronic payments, the Clearing House today announced that transaction volume on EPN, its ACH ...
Powell Signals Fed to Move Forward with Interest Rate Hikes
Federal Reserve Chairman Jerome Powell told members of the House Committee on Financial Services today that he expects the Fed ...
Russian Banks Denied Access to Swift; Biden Sanctions Putin
As the conflict in Ukraine continued to escalate over the weekend, President Biden and several world leaders agreed to block ...
Coin Task Force Issues Paper on Coin Circulation Slowdown
The U.S. Coin Task Force has released a new paper on the state of the coin supply chain in the ...
CFPB Issues Compliance Bulletin on Use of Prepaid Cards for Government Benefits
The CFPB today released a compliance bulletin reiterating that the Electronic Fund Transfer Act and its implementing regulation, Regulation E, ...
J.D. Power: Small Business Satisfaction Rises With Large Bank Merchant Services
In a study evaluating small businesses’ satisfaction with merchant services providers, J.D. Power found that large banks had a significant ...
NACHA: ACH Transaction Volume, Value Grow in 2021
Electronic ACH payment transaction volume grew by 8.7% last year, reaching 29.1 billion transactions, according to a report today from ...
Financial Groups Call for Repeal of Durbin Amendment in Letter to Fed
In a letter to the Federal Reserve yesterday, a group of six financial trade associations—including the American Bankers Association and ...
