Business Idea Submission

Purpose

NACHA and the ACH Network benefit greatly from new business ideas, which are generated by a number of sources constituting the “NACHA Family.” To encourage new business ideas and ensure that each idea is given proper consideration and prioritization, NACHA is centralizing and standardizing its existing idea evaluation steps into this business idea evaluation process.  The result is intended to be a uniform method for evaluating and prioritizing business ideas, and better communication on the process and status for all who submit ideas.  Requests for NACHA to consider new business ideas should be submitted using the associated Business Idea Submission Form.

• Business Idea Evaluation Process
• Business Idea Submission Form

Business ideas can include, but are not limited to: 

1. Membership benefits or groups;
2. ACH Network applications, Pilots, or enhancements;
3. ACH Network risk management services;
4. Regulatory compliance;
5. Education and implementation resources (including member communications, conferences, teleconferences, publications); and
6. Administrative and IT solutions.

Often ideas, particularly those involving Network applications, rules enforcement or risk management solutions, result in rulemaking through the NACHA rules process.

Business ideas should be documented on the accompanying form and submitted to:

Kelley Shay, Executive Assistant

Email: kshay@nacha.org  or  Fax: 703-787-0996

Business Idea Evaluation Methodology

The Business Idea Evaluation Methodology is composed of three defined steps:

1. Idea Generation;
2. Idea Assessment and Evaluation; and
3. Idea Development and Implementation.