NACHA (National Automated Clearing House Association)

NACHA (National Automated Clearing House Association) is an organization that manages the rules and standards for electronic financial transactions through the ACH network in the U.S. This network enables banks and financial institutions to transfer money efficiently for various purposes, such as direct deposits, bill payments, and business transactions. NACHA ensures these transactions are secure, reliable, and standardized, facilitating smooth and efficient movement of funds between accounts nationwide. Essentially, NACHA oversees the system that allows electronic payments and transfers to happen seamlessly and securely across the banking industry.