Results for tag: "NACHA"

The NACHA market is a payment network that facilitates the exchange of electronic payments between financial institutions. It is the primary network used for Automated Clearing House (ACH) payments, which are electronic payments that are sent directly from one bank account to another. NACHA is a non-profit organization that sets the rules and standards for ACH payments, and it is responsible for the security and reliability of the network. The NACHA market is used by businesses, government agencies, and individuals to make payments for goods and services. It is also used to transfer funds between banks, and to make payments for payroll, taxes, and other financial transactions. Some of the companies in the NACHA market include Bank of America, Wells Fargo, JPMorgan Chase, U.S. Bank, PNC Bank, and Citibank. Other companies include PayPal, Venmo, and Square. Show Less Read more