WASHINGTON--New proposals issued this week by Nacha, the organization governing automatic clearinghouse (ACH) payments, are now accepting comments, America’s Credit Unions reported, noting it is analyzing the proposals to submit comments by the deadlines.
Nacha requests comment on:
- Modifying the Nacha Operating Rules to allow the U.S. Treasury’s Bureau of the Fiscal Service (BFS) to participate in the ACH Contact Registry. This would enable financial institutions and BFS to more easily connect with each other regarding ACH payments and exceptions. Comments are due to Nacha by June 12
- The meaning and significance of the defined term “Banking Day” in the Nacha Operating Rules and related ACH operational issues. Nacha will use the feedback to help determine whether it should propose a related change to the Nacha Operating Rules. Comments are due to Nacha by June 26