NACHA-The Electronic Payments Association, formerly the National Automated Clearing House Association, is an organization that develops
electronic solutions to improve the
ACH payment system in the
United States. NACHA represents more than 11,000
financial institutions through direct memberships and a network of regional payments associations, and 585 organizations through its industry councils. NACHA develops
operating rules and
business practices for the Automated Clearing House (ACH) Network and for
electronic payments in the areas of
Internet commerce, electronic bill and invoice presentment and payment (
EBPP,
EIPP),
e-checks, financial
electronic data interchange (EDI),
international payments, and
electronic benefit transfer (EBT).
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