Picture of a credit card overlaid on a compass

NCUA Releases Letter to CUs Regarding Same-Day ACH Payments

The letter reviews the steps credit unions should be taking in order to be ready for the Same-Day ACH payments that will become effective this Friday, September 23rd.

Got Payments Process Solutions? NACHA Challenge Pays Cash

NACHA has announced cash prizes for a team challenge addressing payment solutions, and is accepting nominations for excellence awards.

Same Day ACH Payments Approved by NACHA

The plan will result in three daily settlement windows, allowing same-day processing of 99% of ACH payments.

News & Notes: Here’s What’s Happening Around the Northwest

Qualstar Credit Union gives members ‘loyalty bonus’; Morrell elected to NACHA board; Providence Federal Credit Union makes it rain green; Oregon Community Credit Union hires VP of technology.

Compliance Center: Same Day ACH Is Coming, and More

Same day automated clearing house transactions; your question on aggregating cash in and out transactions answered; plus legal briefs.

Compliance Center: NACHA Passes Two Rules to Increase ACH Network Quality

New AHC Network rules, legal briefs and the compliance question of the week.

Compliance Reminders for the End of the Year

Credit unions have until Dec. 31 to register or renew their Mortgage Loan Originators and complete both a SAFE Act and ACH audit.

New ACH Rules Boost Credit Union Member Safety

New Automated Clearing House rules that will provide broader ACH protections for credit union members will go into effect on March 15, 2013.

Catalyst Corporate Completes Western Bridge Consolidation

Strategic Link business partner Catalyst Corporate has completed its consolidation with Western Bridge Corporate, transferring core systems, billing, wire services and internet connectivity in taking the final steps in the conversion process.

Catalyst Corporate Prepared for U.S. Central Bridge Wind Down

Catalyst Corporate explains how the NCUA’s intention to wind down the remaining components of U.S. Central Bridge Corporate—especially payment services such as ACH, automated settlement and international wires—will affect credit unions.

Want Less Compliance Burden? Do Some Regulatory Advocacy

Comments are open on Automated Clearing House risk management and regulations that come under the CFPB.