NACHA occupies a unique role in the association world, serving as both an industry trade association and the administrator of the Automated Clearing House (ACH) Network. In its role of ACH Network Administrator, NACHA is responsible for four key functional areas:
The NACHA Operating Rules provide the legal foundation for the exchange of ACH payments and ensure that the ACH Network remains efficient, reliable, and secure for the benefit of all participants. In its role as Network administrator, NACHA manages the rulemaking process and ensures that proposed ACH applications are consistent with the Guiding Principles of the ACH Network. The rulemaking process provides a disciplined, well-defined methodology to propose and develop and propose rules amendments to the NACHA voting membership, the decision makers for the NACHA Operating Rules.
Areas of responsibility include:
NACHA develops and implements a comprehensive, end-to-end risk management framework that includes network entry requirements, ongoing requirements, enforcement, and ACH Operator tools and services. Collectively, the strategy addresses risk and quality in the ACH Network by minimizing unauthorized entries and customer services costs to all Network participants.
Areas of responsibility include:
The Network Strategy & Outreach area is responsible for coordinating, managing, and executing on key activities and initiatives for NACHA and the ACH Network, working in close collaboration with other functional areas of the organization. Outreach activities include those that are conducted to benefit all ACH Network participants in NACHA's role as ACH Network Administrator, and activities that serve the membership of NACHA as an industry trade association.
Areas of responsibility include:
NACHA brings together diverse payments system stakeholders through its Councils, pilots, and strategic initiatives in order to explore, evaluate, and implement innovations to the ACH Network to benefit participants.
Areas of responsiblity include:
