Nacha governs the thriving ACH Network, the payment system that drives safe, smart, and fast Direct Deposits and Direct Payments with the capability to reach all U.S. bank and credit union accounts. Nearly 27 billion ACH payments were made in 2020, valued at close to $62 trillion. Through problem-solving and consensus-building among diverse payment industry stakeholders, Nacha advances innovation and interoperability in the payments system. Nacha develops rules and standards, provides industry solutions, and delivers education, accreditation, and advisory services.
By making donations with ACH, nonprofits and their donors reap multiple benefits by:
- Lowering Processing Costs. ACH is often less expensive to process than cards and checks, meaning more of each donation will go to the programs that donors care about.
- Making Receiving Donations a Snap. Unlike cash or checks, ACH donations go directly into the organization’s bank or credit union account.
- Empowering Sustaining Donors. With recurring payments that are easy to update, donors can set up and control the amount and cadence of their donations.
- Aligning with the Needs of Donors. People are increasingly not carrying checks or cash, but they are familiar with electronic payments.
Watch our demo to learn more: