SouthState Bank Joins Nacha as New Direct Member
05 Agosto 2024 - 8:02AM
Business Wire
Nacha announced today that SouthState Bank has become its newest
Direct Member. With SouthState Bank's addition, Nacha now has 46
Direct Members, which include financial institutions and Payments
Associations.
"We are thrilled to welcome SouthState Bank to our community of
Direct Members," said Jane Larimer, President and CEO of Nacha. "We
look forward to SouthState Bank’s participation in the Nacha
Rulemaking process for the ACH Network and influencing the
strategic direction for Nacha and the payments industry."
"Joining Nacha as a Direct Member gives us a significant role in
shaping the rules governing the ACH Network, ensuring our customers
can continue to send and receive payments quickly and securely,"
said Mark Robertson, EVP, Director of Corporate Financial Services
Administration at SouthState Bank.
Nacha's Direct Membership program offers financial institutions
and organizations a unique opportunity to help shape the future of
the ACH Network. As Direct Members, they can vote on proposed Nacha
Operating Rules, contributing to the ACH Network's efficiency,
security and reliability. Additionally, Direct Members can
nominate, elect and serve on Nacha's Board of Directors, providing
strategic guidance for both the ACH Network and Nacha's role as a
payments industry association. Furthermore, Direct Members
contribute their insights and recommendations to ensure the ACH
Network remains innovative and thriving by participating in Nacha
committees and workgroups.
More information about Nacha’s Direct Membership program is
available on Nacha’s website.
About Nacha
Nacha governs the thriving ACH Network, the payment system that
drives safe, smart, and fast Direct Deposits and Direct Payments
with the capability to reach all U.S. bank and credit union
accounts. There were 31.5 billion ACH Network payments made in
2023, valued at $80.1 trillion. Through problem-solving and
consensus-building among diverse payment industry stakeholders,
Nacha advances innovation and interoperability in the payments
system. Nacha develops rules and standards, provides industry
solutions, and delivers education, accreditation, and advisory
services.
About SouthState Bank
SouthState Corporation (NYSE: SSB) is a financial services
company headquartered in Winter Haven, Florida. SouthState Bank,
N.A., the company’s nationally chartered bank subsidiary, provides
consumer, commercial, mortgage and wealth management solutions to
more than one million customers throughout Florida, Alabama,
Georgia, the Carolinas and Virginia. The bank also serves clients
coast to coast through its correspondent banking division.
Additional information is available at SouthStateBank.com.
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Dan Roth Nacha 571-579-0720 media@nacha.org