NACHA

The National Automated Clearing House Association (NACHA) is a non-profit organization that oversees the electronic funds transfer (EFT) system in the United States. NACHA develops and maintains the rules and standards for EFT, and it also provides education and training to financial institutions and other businesses that use EFT.

NACHA was founded in 1974 as the National Clearing House Association (NCHA). The organization's name was changed to NACHA in 1982. NACHA is headquartered in Herndon, Virginia.

NACHA's mission is to "promote the safe, efficient, and effective movement of money and information in the United States and globally." NACHA accomplishes this mission by developing and maintaining the rules and standards for EFT, and by providing education and training to financial institutions and other businesses that use EFT.

NACHA's rules and standards for EFT are known as the NACHA Operating Rules. The NACHA Operating Rules are a set of regulations that govern the processing of EFT transactions. The NACHA Operating Rules cover a wide range of topics, including the format of EFT messages, the security of EFT transactions, and the dispute resolution process for EFT transactions.

NACHA also provides education and training to financial institutions and other businesses that use EFT. NACHA's education and training programs cover a wide range of topics, including the NACHA Operating Rules, the security of EFT transactions, and the use of EFT for business payments.

NACHA is a valuable resource for financial institutions and other businesses that use EFT. NACHA's rules and standards for EFT help to ensure the safe and efficient processing of EFT transactions. NACHA's education and training programs help financial institutions and other businesses to understand the NACHA Operating Rules and to use EFT effectively.

NACHA is a non-profit organization that is funded by its members. NACHA's members include financial institutions, businesses, and other organizations that use EFT.