Nacha has approved Paychex, Inc., a leading provider of HR, payroll, benefits, and insurance solutions, for a two-year renewal of its Nacha Certified status, good through May 2022.
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.Hrtech News
Paychex was the first payroll provider to become Nacha Certified in 2018 when the program was implemented. The program requires a full review every two years.
“Nacha commends Paychex for its commitment to meeting Nacha standards for sound practices in ACH payment processing,” said Michael Herd, Nacha Senior Vice President, ACH Network Administration.
“Paying one out of every 12 American private sector employees, Paychex has a long history of expertly navigating the risk and compliance obligations associated with processing ACH transactions,” said Frank Fiorille, Vice President of Risk, Compliance, and Data Analytics at Paychex. “Being Nacha Certified is an important demonstration of our ongoing commitment to meeting the highest standards in the payments industry.”
