ICBA - Industry Resources - Payments Resource Center - ICBA Proposes Safe, Ubiquitous Path to Faster Payments



Automated Clearing House (ACH) is an electronic network for financial transactions in the United States. ACH processes large volumes of credit and debit transactions in batches, which are used for all kinds of funds transfer transactions, including direct deposit of paychecks and monthly debits for routine payments.

Rules and regulations that govern the ACH network are established by NACHA—The Electronic Payment Association for commercial sector payments and the U.S. Treasury for Federal payments.

The Federal Reserve Banks and the Electronic Payments Network (EPN) are collectively the nation's ACH operators and rely on each other for the processing of some transactions when either party to the transaction is not their customer. These interoperator transactions are settled by the Federal Reserve.



Community banks’ payment systems access must not be limited through the imposition of anti-competitive and discriminatory pricing or policies, membership requirements, standards, operating rules or technological barriers. The concentration of market power should not be used to force changes that would materially and adversely impact the competitive nature of our nation’s payments system.

Given that private sector rules govern the ACH, payment card networks and check clearing houses, it is vital for community banks to participate in the rulemaking, operations and governance of these organizations, particularly at the regional level, through regional payment’s associations. At the national level, ICBA actively represents the community bank perspective before NACHA --The Electronic Payments Association as new ACH rules and innovative products are vetted and implemented.

Staff Contact: Cary Whaley

  Featured Resources Source/Publication
  ACH Rules Violation Form NACHA
  ACH Operations Bulletins NACHA
  Greenbook—Guide to Federal ACH Payments Treasury
  Electronicpayments.org (promoting ACH for direct deposit/direct payment) NACHA
  NACHA—The Electronic Payments Association NACHA

Date Title Source/Publication
10/07/2016 ICBA Proposes Safe, Ubiquitous Path to Faster Payments NewsWatch Today
09/23/2015 ICBA Supports Fed Adoption of Same-Day ACH News Release
07/01/2015 Industry Letter on Enhancements to Federal Reserve Bank Same-Day ACH Service Industry Leter to Regulators
06/26/2015 Enhancements to Federal Reserve Bank Same-Day Automated Clearing House Service Letter to Regulators
05/19/2015 ICBA Statement on NACHA’s Approval of Same-Day ACH News Release
02/26/2015 Industry Letter on NACHA Same Day ACH Proposal Industry Letter to Regulators
02/06/2015 Same-day ACH Letter to Regulators
12/09/2014 ICBA Continues Support for Same-Day ACH News Release
11/13/2013 NACHA Proposes Rules To Improve ACH Network Quality NewsWatch Today
04/22/2013 ICBA Supports Same-Day ACH News Release
04/22/2013 Same-Day ACH: An Opportunity for Leadership ICBA Position
NACHA—The Electronic Payments Association NACHA

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