NACHA

NACHA, now known as the Electronic Payments Association, is the organization responsible for developing and maintaining the rules and standards for electronic payments in the United States, especially ACH (Automated Clearing House) transactions. These transactions include direct deposits, bill payments, and other bank-to-bank transfers. NACHA ensures that electronic payments are processed securely, efficiently, and reliably across financial institutions. Its guidelines help businesses and consumers send and receive money electronically in a standardized way, reducing errors and fraud, and promoting smooth financial operations nationwide.