Which organization governs the ACH Network?

The governing body of the ACH (Automated Clearing House) Network is Nacha. This organization is responsible for developing and implementing the rules that govern ACH transactions, ensuring they are conducted in a safe and efficient manner. Nacha’s rules provide the framework for processing electronic payments and are crucial for maintaining the integrity of the ACH Network.

Nacha also promotes innovation and advocacy for the ACH Network, supporting initiatives that drive its growth and adoption in various financial transactions across the country. This includes updating policies to accommodate emerging payment technologies and responding to changes in the payment landscape. Thus, Nacha plays a vital role in overseeing the operational standards and compliance necessary for the successful functioning of the ACH system.

The other organizations listed mainly focus on different sectors of the financial system or specific regulatory functions, such as the Federal Reserve, which handles monetary policy but does not directly govern the ACH Network, or the National Credit Union Administration, which regulates federal credit unions. The Payment Card Industry is associated with standards for credit and debit card processing, which is separate from ACH operations.