akash kumar
NACHA as an organization began in 1974 to establish uniform operating rules for ACH payments. They develop, administer, and govern the ACH Network they are also the national association responsible for ACH payments.
The NACHA Operating Rules are necessary to ensure the ACH Network remains efficient, reliable, and secure for the benefit of all participants. It is the responsibility of the member financial institutions to ensure they are in compliance with the guidelines NACHA has set forth. While this is an intense process it ensures that the banks and their customers are provided with the well defined benefits that NACHA provides.
