[Congressional Record (Bound Edition), Volume 159 (2013), Part 5]
[Extensions of Remarks]
[Page 6165]
[From the U.S. Government Publishing Office, www.gpo.gov]




   RECOGNIZING MAY AS DIRECT DEPOSIT AND DIRECT PAYMENT VIA ACH MONTH

                                 ______
                                 

                        HON. GERALD E. CONNOLLY

                              of virginia

                    in the house of representatives

                          Friday, May 3, 2013

  Mr. CONNOLLY. Mr. Speaker, I rise today to recognize May as the 
Direct Deposit and Direct Payment via ACH Month. Administered by 
NACHA--The Electronic Payments Association, and governed by the NACHA 
Operating Rules, the ACH Network facilitates direct account-to-account 
consumer, business, and government payments, and links virtually every 
one of the more than 13,000 financial institutions in the country. I 
commend NACHA's commitment to consumers and to providing a safe, 
secure, and reliable network for direct account-to-account consumer, 
business, and government payments.
  The California, Georgia, New England, and Upper Midwest ACH 
Associations formed NACHA in 1974 to establish uniform operating rules 
for the exchange of Automated Clearing House (ACH) payments among ACH 
associations. With the aid of ACH, financial institutions located 
anywhere in the United States have been able to exchange ACH payments 
under a common set of rules and procedures since 1978. Annually, the 
Network processes more than 21 billion Direct Deposit and Direct 
Payment transactions totaling almost $37 trillion.
  Mr. Speaker, I ask that my colleagues join me in recognizing May as 
Direct Deposit and Direct Payment via ACH Month.

                          ____________________