Netchex Earns the Distinction of Becoming Nacha Certified

Nacha has approved Nacha Certified status for Netchex, a provider of payroll and human resources services.

Nacha Certified is a voluntary program that helps Third-Party Senders in the ACH Network to set themselves apart in today’s competitive market. Successful Nacha Certified candidates demonstrate effective ACH Rules compliance and risk management, and sound corporate governance.

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“In becoming Nacha Certified, Netchex has shown it is committed to high quality ACH payment processing” said Michael Herd, Nacha Senior Vice President, ACH Network Administration. “We are pleased to welcome Netchex to the elite group of Nacha Certified organizations, as ACH Direct Deposit payments are core to all payroll processing.”

“We are excited to become a Nacha certified Third-Party Sender. This achievement is a testament to our commitment to sound best practices in ACH payment processing,” said Will Boudreaux, Netchex CEO. “Our clients can feel confident knowing that they are working with an industry leader that meets Nacha’s high standards.”

Southern Financial Exchange (SFE), a Payments Association headquartered in New Orleans, completed the assessment of Netchex, with final approval coming from Nacha. SFE and six other Payments Associations, all Nacha Direct Members, are part of a cooperative agreement with Nacha to conduct Nacha Certified reviews. SFE is the first to complete such a review.

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“Collaboration within the payments industry is key to providing a safe, secure and efficient ACH Network,” said Don Jackson, President and CEO of Southern Financial Exchange. “SFE is delighted to help one of our clients demonstrate their commitment to strong ACH compliance, risk management, and to elevating the safety and quality of the ACH Network. Rapid changes that have occurred in the past few years have created new challenges, but together we can thrive.”

“Strong relationships between Third-Party Senders, their financial institutions, and the Payments Associations are critical to building a strong risk management program on the ACH Network,” said Pamela T. Rodriguez, SFE’s Senior Vice President, Professional Services. “We are pleased to welcome Netchex to the select group of Nacha Certified Third-Party Senders.”