Latest news with #JaneLarimer
Business Wire
02-07-2025
- Business
- Business Wire
Eftsure Now a Nacha Preferred Partner
RESTON, Va.--(BUSINESS WIRE)--Nacha announced that Eftsure, a leader in fraud prevention and payments protection, has joined its growing list of Nacha Preferred Partners. Eftsure is a Preferred Partner for Account Validation, Fraud Monitoring, and Risk and Fraud Prevention. Eftsure is a payments fraud prevention platform designed to protect businesses from payment fraud, errors, and cyber threats by verifying the legitimacy of suppliers and their banking details. Eftsure cross-references payment information in real time, providing intuitive 'traffic light' alerts—green for verified details and red for discrepancies—before funds are released. This system helps prevent issues such as business email compromise (BEC), fake invoices, insider scams, and duplicate payments. Eftsure promotes ACH as the preferred payment method in its platform, which does not support check payments. 'As concerns about fraud—particularly check fraud and credit-push frauds such as BEC—continue to grow, being vigilant is ever more important,' said Jane Larimer, Nacha President and CEO. 'We welcome Eftsure as a Nacha Preferred Partner and as another line of defense in the war on fraud.' 'Cybercrime and scam tactics are evolving rapidly, which is why businesses need collaborative, borderless solutions,' said Jon Soldan, Eftsure CEO. 'Eftsure now offers international payment verification across Europe and the Asia-Pacific (APAC) region. This expansion empowers U.S. companies with a unique capability: ensuring their vendor payments—whether domestic via ACH, wire payments or international—are directed to the correct recipients. Our partnership with Nacha further reinforces the value we deliver to finance teams, particularly in streamlining and securing outbound payments through greater visibility, control, and trust.' Nacha's Preferred Partner Program is open to any technology solution provider whose offerings align with the Nacha strategy of advancing the ACH Network. For more information about the program, visit Nacha's Preferred Partner page. About Nacha Nacha governs the thriving ACH Network, the payment system that drives safe, smart, and fast Direct Deposits and Direct Payments with the capability to reach all U.S. bank and credit union accounts. There were 33.6 billion ACH Network payments made in 2024, valued at $86.2 trillion. Through problem-solving and consensus-building among diverse payment industry stakeholders, Nacha advances innovation and interoperability in the payments system. Nacha develops rules and standards, provides industry solutions, and delivers education, accreditation, and advisory services. About Eftsure Eftsure is the global market leader in payment fraud prevention. Specifically designed for businesses, our end-to-end solution safeguarded more than $288b in B2B payments last year. Powered by cross-matching, we use multi-layered verification methods to give finance and AP teams cleaner data, more control over onboarding vendors, and greater confidence in all outgoing payments, particularly ACH payments. In short, we ensure our customers don't pay the wrong people.
Business Wire
02-07-2025
- Business
- Business Wire
Nacha Supports Executive Order to Eliminate Federal Check Payments, Citing Cost Savings and Fraud Reduction
RESTON, Va.--(BUSINESS WIRE)--Nacha submitted formal comments in support of Executive Order 14247, 'Modernizing Payments To and From America's Bank Account,' applauding the Treasury Department's efforts to eliminate paper checks for federal disbursements and collections. The executive order, which directs a full transition to electronic payments by Sept. 30, 2025, for federal disbursements, aligns with long-standing Nacha priorities to enhance efficiency, security and inclusion in the payments system. 'The federal government has long been a leader in adopting electronic payments, and fully transitioning away from paper checks is a significant step that will benefit American consumers and businesses while saving the federal government money,' said Jane Larimer, President and CEO of Nacha. In 2024, the Treasury Department originated more than 1.86 billion ACH payments, moving more than $8.5 trillion through the ACH Network for purposes ranging from Social Security benefits and tax refunds to vendor and Medicare payments. The same year, the federal government issued approximately 36 million paper checks. Nacha's comments noted that if the Treasury Department had used ACH payments instead of checks, 'the direct savings to the federal government would have been over $68 million.' In its comment letter, Nacha emphasized that transitioning away from checks is more a matter of policy choices and implementation than technical readiness. With the widespread availability of no-cost bank accounts, mobile and online banking, prepaid cards and payment apps, Nacha urged the Treasury Department to minimize hardship exceptions that result in the continued use of paper checks. Nacha also noted that any person, business or organization that writes a check to the federal government has a bank account from which an electronic payment can be made. Other Nacha recommendations included: Expanding account validation to mitigate fraud and reduce improper payments. Leveraging existing banking information across federal agencies to streamline Direct Deposit enrollment. Shortening the Treasury's ACH credit settlement times, bringing it in line with standard ACH timing in the private sector. The full comments are available here. For more information on Direct Deposit and Direct Payment and the ACH Network, visit and About Nacha Nacha governs the thriving ACH Network, the payment system that drives safe, smart, and fast Direct Deposits and Direct Payments with the capability to reach all U.S. bank and credit union accounts. There were 33.6 billion ACH Network payments made in 2024, valued at $86.2 trillion. Through problem-solving and consensus-building among diverse payment industry stakeholders, Nacha advances innovation and interoperability in the payments system. Nacha develops rules and standards, provides industry solutions, and delivers education, accreditation, and advisory services.
Business Wire
17-06-2025
- Business
- Business Wire
Nacha Unveils New Consumer Awareness Campaign Promoting Direct Payment Benefits
RESTON, Va.--(BUSINESS WIRE)--Nacha launched a new consumer-focused awareness campaign to highlight the convenience and safety of using Direct Payment to pay bills. Also known as electronic funds transfer (EFT), bank transfer, eCheck, or autopay, Direct Payment enables consumers to replenish account balances, make donations, and pay tuition, dues, premiums, subscriptions, in addition to mobile/internet/cable and other recurring bills. According to the Federal Reserve 2024 Findings from the Diary of Consumer Payment Choice, Americans pay an average of six bills each month using Direct Payment, totaling $2,314. Direct Payment is designed to simplify the payment process and provide consumers with: Convenience and Efficiency: Streamlining finances by setting up payments once for recurring payments. Security: ACH transactions are secure and keep financial information protected. Timeliness: Payments are processed on time so late fees, penalties, or interrupted service are avoided. Read About Real-Life Users of Direct Payment The campaign includes several real-life subjects who rely on and benefit from Direct Payment. They enjoy the peace of mind that comes with knowing their bills are paid on time. 'Direct Payment gives both the sending and receiving parties – consumers and billers – the confidence that funds will be accurately and securely delivered on time,' said Jane Larimer, Nacha President and CEO. 'This campaign shows a variety of ways that Direct Payment is delivering for consumers and businesses.' Enhancements to the Direct Deposit Campaign Nacha has added several new subjects and uses for Direct Deposit to in order to continue to educate and inform Americans on the many ways they can make the best use of Direct Deposit and simplify their lives. Direct Deposit is the convenient and secure way for consumers to have funds added to their bank or credit union accounts. Direct Deposit is the way 92% of American workers receive their payroll, 99% of Social Security recipients and 97% of veterans receive their benefits. Additionally, 91% of Americans due tax refunds are paid through Direct Deposit. Consumers: Tell Nacha Your Direct Payment or Direct Deposit Story Nacha invites Americans to tell us their story of how they have benefited from Direct Payment or Direct Deposit by allowing them to take control of their finances, reduce stress, or free up valuable time. Submissions may be featured in a future campaign. For more information about Nacha's campaigns, visit: About Nacha Nacha governs the thriving ACH Network, the payment system that drives safe, smart, and fast Direct Deposits and Direct Payments with the capability to reach all U.S. bank and credit union accounts. There were 33.6 billion ACH Network payments made in 2024, valued at $86.2 trillion. Through problem-solving and consensus-building among diverse payment industry stakeholders, Nacha advances innovation and interoperability in the payments system. Nacha develops rules and standards, provides industry solutions, and delivers education, accreditation, and advisory services.
Business Wire
28-04-2025
- Business
- Business Wire
Nacha and the U.S. Faster Payments Council: 161 Accredited Faster Payment Professionals (AFPPs) Pass Inaugural Exam
NEW ORLEANS--(BUSINESS WIRE)--Today, Nacha and the U.S. Faster Payments Council announced that 161 payments professionals successfully passed the inaugural Accredited Faster Payment Professional (AFPP) exam, marking an important milestone in demonstrating expertise and commitment within the faster payments ecosystem. The AFPP credential demonstrates the growing emphasis on professional education and industry excellence in an era where faster payments are becoming a cornerstone of commerce and economic activity. The AFPP accreditation, developed as a collaboration between Nacha and the U.S. Faster Payments Council (FPC), with assistance from Payments Associations and other leading payments industry experts and stakeholders, sets a new standard for professionals dedicated to advancing secure, efficient and innovative faster payments solutions. The exam focuses on a variety of payments rails used across the United States, including Same Day ACH, FedNow, RTP and Push-to-Card Debit Card Networks. This credential demonstrates the growing emphasis on professional education and industry excellence in an era where faster payments are becoming a cornerstone of commerce and economic activity. 'The AFPP designation exemplifies the dedication of industry professionals committed to leading the evolution of faster payments. Passing this exam is a significant feat, and these individuals have validated their expertise and proven their passion for shaping the future of payments,' said Jane Larimer, President and CEO of Nacha. 'Their hard work paves the way for stronger collaboration and innovation in our industry.' The FPC also recognized the significance of this accomplishment. FPC CEO and Executive Director Reed Luhtanen commented, 'We congratulate these pioneering AFPPs for their achievement. Faster payments are vital to improving the lives of consumers and the efficient operation of businesses. The AFPP accreditation reflects a shared commitment to fostering a secure and accessible faster payments ecosystem. This accomplishment is a testament to the expertise of these leaders in the field.' As the faster payments landscape grows and evolves, this achievement begins a new chapter in industry excellence and innovation. In the first quarter of 2025, Same Day ACH continued its growth trajectory, recording 326 million payments valued at $897 billion. Those represent increases of 19.1% and 24.8% respectively over the same time period in 2024. Likewise, more than 100 million instant payment transactions were conducted in the United States in the first quarter of 2025. For more information about the AFPP certification program or how to get involved, visit About Nacha Nacha governs the thriving ACH Network, the payment system that drives safe, smart, and fast Direct Deposits and Direct Payments with the capability to reach all U.S. bank and credit union accounts. There were 33.6 billion ACH Network payments made in 2024, valued at $86.2 trillion. Through problem-solving and consensus-building among diverse payment industry stakeholders, Nacha advances innovation and interoperability in the payments system. Nacha develops rules and standards, provides industry solutions, and delivers education, accreditation, and advisory services. About the U.S. Faster Payments Council (FPC) The FPC is an industry-led membership organization whose vision is a world-class payment system where Americans can safely and securely pay anyone, anywhere, at any time and with near-immediate funds availability. By design, the FPC encourages a diverse range of perspectives and is open to all stakeholders in the U.S. payment system. Guided by principles of fairness, inclusiveness, flexibility and transparency, the FPC uses collaborative, problem-solving approaches to resolve the issues that are inhibiting broad faster payments adoption in this country. For more information, please visit
Business Wire
24-04-2025
- Business
- Business Wire
Nacha Announces LexAlign as a Preferred Partner for Compliance and Risk and Fraud Prevention
RESTON, Va.--(BUSINESS WIRE)--Nacha announced today that LexAlign PBC is now a Preferred Partner for Compliance and Risk and Fraud Prevention. LexAlign provides compliance solutions designed to address risk and combat fraud in the payments industry. The LexAlign platform built for banks and their Originators automates the compliance audit process to address exposure to payments fraud and ensure adherence to the Nacha Rules and applicable laws. The platform enables banks to manage their exposure to Originator operations through data-driven scoring and analytics. 'Nacha continues to focus on strong risk management and fighting fraud, to keep the modern ACH Network safe and reliable,' said Jane Larimer, Nacha President and CEO. 'We are pleased to welcome LexAlign as our newest Nacha Preferred Partner.' 'The rise in credit-push fraud has riveted attention to the importance of Originator security and compliance with the Nacha Rules, as fraudsters exploit gaps in Originator operations. We created LexAlign to fortify the frontline by empowering Originator security and compliance, while providing data and scoring banks can use for proactive risk management, at scale,' said Trevor Lain, LexAlign Founder and CEO. 'We're honored to be a Nacha Preferred Partner as we work with banks to implement Nacha's new Risk Management Framework for the Era of Credit-Push Fraud.' Nacha's Preferred Partner Program is open to any technology solution provider whose offerings align with the Nacha strategy of advancing the ACH Network. For more information about the program, visit Nacha's Preferred Partner page. About Nacha Nacha governs the thriving ACH Network, the payment system that drives safe, smart, and fast Direct Deposits and Direct Payments with the capability to reach all U.S. bank and credit union accounts. There were 33.6 billion ACH Network payments made in 2024, valued at $86.2 trillion. Through problem-solving and consensus-building among diverse payment industry stakeholders, Nacha advances innovation and interoperability in the payments system. Nacha develops rules and standards, provides industry solutions, and delivers education, accreditation, and advisory services. About LexAlign Headquartered in Austin, Texas, LexAlign specializes in automating security and compliance audits for remote deposit, ACH, and wire transfers. The platform enhances customer security and compliance while helping banks prevent fraud, reduce fraud-related liabilities, and ensure adherence to federal laws and regulations, FFIEC guidance, and the Nacha Rules. By streamlining the audit process, LexAlign enables both banks and their clients to better manage risk and comply with the necessary legal and regulatory standards. To learn more, visit
