National Automated Clearinghouse Association - NACHA
- A non-profit membership association charged with overseeing the Automated Clearing House (ACH) system, which operates the largest electronic payment network in the world.
Most of NACHA's 10,000+ members are depositary institutions and regional payment associations. Through its supervisory and rule-making functions, NACHA provides the legal foundation for electronic payment systems to operate effectively, while working to update technologies and create new payment systems.
Although not a government agency, NACHA works closely with all interested government agencies (including the Federal Reserve, the state banking authorities and the Treasury) to ensure the integrity of the electronic payments systems used by banking and other depositary institutions.
NACHA not only develops rules and codes of business practices, but it is involved in the development of new applications. It also institutes and monitors quality- and risk-management controls. Over 18 billion ACH payments were processed in 2007.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
National Information Exchange Model — The National Information Exchange Model (NIEM) is an XML based information exchange framework from the United States. NIEM represents a collaborative partnership of agencies and organizations across all levels of government (federal, state,… … Wikipedia
Justice Research and Statistics Association — The Justice Research and Statistics Association (JRSA) is a national nonprofit organization of state Statistical Analysis Centers (SACs), researchers, and practitioners throughout government, academia, and justice organizations. JRSA members form … Wikipedia
Economic Affairs — ▪ 2006 Introduction In 2005 rising U.S. deficits, tight monetary policies, and higher oil prices triggered by hurricane damage in the Gulf of Mexico were moderating influences on the world economy and on U.S. stock markets, but some other… … Universalium
Patient safety — is a new healthcare discipline that emphasizes the reporting, analysis, and prevention of medical error that often lead to adverse healthcare events. The frequency and magnitude of avoidable adverse patient events was not well known until the… … Wikipedia
Citizen Corps — is a United States national service program under the jurisdiction of the Department of Homeland Security that seeks to mobilize the population of the country against threats to national security as well as to assist in the recovery after a… … Wikipedia
Federal Reserve System — FRB and FED redirect here. For other uses, see FRB (disambiguation) and FED (disambiguation). Federal Reserve System … Wikipedia
Geographic information system — GIS redirects here. For other uses, see GIS (disambiguation). A geographic information system, geographical information science, or geospatial information studies is a system designed to capture, store, manipulate, analyze, manage, and present… … Wikipedia
Diabetes management — Main article: Diabetes mellitus Diabetes is a chronic disease with no cure as of 2010[update] but a lot of research is underway. It is associated with an impaired glucose cycle, altering metabolism. Management of this disease may include… … Wikipedia
Internet privacy — involves the right or mandate of personal privacy concerning the storing, repurposing, providing to third parties, and displaying of information pertaining to oneself via the Internet. Privacy can entail both Personally Identifying Information… … Wikipedia
History of virtual learning environments — A virtual learning environment (VLE) is a system that creates an environment designed to facilitate teachers in the management of educational courses for their students, especially a system using computer hardware and software, which involves… … Wikipedia
Kt/V — In medicine, Kt/V is a number used to quantify hemodialysis and peritoneal dialysis treatment adequacy. * K dialyzer clearance of urea * t dialysis time * V patient s total body water In the context of hemodialysis, Kt/V is a bonafide… … Wikipedia