Nacha, originally the National Automated Clearinghouse Association, manages the
ACH Network
In the United States, the ACH Network is the national automated clearing house (ACH) for electronic funds transfers established in the 1960s and 1970s. It is a financial utility owned by US banks, and is one of the largest payments networks i ...
, the backbone for the electronic movement of money and data in the
United States
The United States of America (USA), also known as the United States (U.S.) or America, is a country primarily located in North America. It is a federal republic of 50 U.S. state, states and a federal capital district, Washington, D.C. The 48 ...
, and is an association for the payments industry.
The ACH Network serves as a network for direct consumer, business, and government payments, and annually facilitates billions of payments such as
Direct Deposit
A direct deposit (or direct credit), in banking, is a deposit of money by a payer directly into a payee's bank account. Direct deposits are most commonly made by businesses in the payment of salaries and wages and for the payment of suppliers' acco ...
and
Direct Payment
Direct may refer to:
Mathematics
* Directed set, in order theory
* Direct limit of (pre), sheaves
* Direct sum of modules, a construction in abstract algebra which combines several vector spaces
Computing
* Direct access (disambiguation), a ...
. The ACH Network is governed by the Nacha Operating Rules.
In 2022, the Nacha through its ACH network handled 30.00 billion payments (3.03%