Paychex, the first payroll provider to be Nacha certified, has earned its second two-year renewal.
HERNDON, Virginia., May 13, 2022 /PRNewswire-PRWeb/ — When the Nacha Certification Program began in 2018, Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, payroll, benefits and insurance services, was the first payroll provider to achieve Nacha Certification. In 2020, it got a two-year renewal, and today Paychex was again approved as Nacha Certified through May 2024.
The Nacha Certified program helps ACH Network third-party shippers stand out in today’s competitive marketplace. To become Nacha Certified, an organization must meet rigorous standards in areas such as ACH compliance and risk management, as well as demonstrate sound corporate governance. After achieving Nacha Certified status, a full exam is required every two years.
“Paychex’s commitment to ACH payment processing best practices plays an important role in ensuring that today’s modern ACH network remains the secure payment system that it is,” said Michael Herd, nacha Senior Vice President, ACH Network Administration.
“Paychex is proud to continue to hold this industry-leading designation and certification for processing ACH transactions,” said Frank Fiorille, vice president of risk, compliance and data analytics at Paychex. “Recertifying with Nacha gives our customers the added peace of mind knowing that the transfer of funds for their business and employees is secure and meets the highest industry standards.”
Visit nachacertified.org to learn more about the Nacha Certified program for third-party shippers.
Nacha governs the growing ACH Network, the payment system that enables secure, smart, and fast direct deposits and direct payments with the ability to reach all U.S. bank and credit union accounts. More than 29 billion ACH network payments were made in 2021, valued at nearly $73 trillion. Through problem solving and consensus building among various stakeholders in the payments industry, Nacha advances innovation and interoperability in the payment system. Nacha develops rules and standards, provides industry solutions and offers education, accreditation and consulting services.
Paychex, Inc. (Nasdaq: PAYX) is a leading provider of integrated human capital management software solutions for human resources, payroll, benefits and insurance services. By combining its innovative software-as-a-service technology and mobility platform with personalized, dedicated service, Paychex allows small and medium business owners to focus on growing and running their business. With 50 years of industry expertise, Paychex has served more than 710,000 payroll customers worldwide. May 31, 2021 in the United States and Europeand pays one in 12 US private sector employees. Learn more about Paychex by visiting paychex.com and stay connected at Twitter and LinkedIn.
Dan RothNacha, 703-561-3923, [email protected]