NACHA

NACHA, formerly the National Automated Clearing House Association, is the non-profit organization that manages the development, administration, and governance of the Automated Clearing House (ACH) Network, which serves as the primary electronic funds transfer system for moving money and data between U.S. bank accounts. The organization is responsible for establishing and enforcing the NACHA Operating Rules, which provide the legal and operational framework for all ACH payments, including Direct Deposits, Direct Payments, and Same Day ACH transactions, ensuring the safety, reliability, and efficiency of the network.