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SouthState Bank Joins Nacha as New Direct Member

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SouthState Bank has become Nacha's newest Direct Member, bringing the total number of Direct Members to 46. This membership allows SouthState Bank to participate in the Nacha Rulemaking process for the ACH Network and influence the strategic direction of Nacha and the payments industry. Mark Robertson, EVP at SouthState Bank, emphasized that this membership will help ensure their customers can continue to send and receive payments quickly and securely.

As a Direct Member, SouthState Bank can now vote on proposed Nacha Operating Rules, contribute to the ACH Network's efficiency and security, and participate in Nacha committees and workgroups. This move demonstrates SouthState Bank's commitment to shaping the future of the ACH Network and maintaining its role in the evolving payments landscape.

SouthState Bank è diventato il nuovo Membro Diretto di Nacha, portando il numero totale di Membri Diretti a 46. Questa adesione consente a SouthState Bank di partecipare al processo di creazione delle regole di Nacha per la Rete ACH e di influenzare la direzione strategica di Nacha e del settore dei pagamenti. Mark Robertson, EVP di SouthState Bank, ha sottolineato che questa adesione contribuirà a garantire ai loro clienti la possibilità di inviare e ricevere pagamenti in modo rapido e sicuro.

In quanto Membro Diretto, SouthState Bank può ora votare sulle Regole Operative proposte da Nacha, contribuire all’efficienza e alla sicurezza della Rete ACH e partecipare a comitati e gruppi di lavoro di Nacha. Questa mossa dimostra l’impegno di SouthState Bank nel plasmare il futuro della Rete ACH e nel mantenere il suo ruolo nell'evoluzione del panorama dei pagamenti.

SouthState Bank se ha convertido en el nuevo Miembro Directo de Nacha, aumentando el número total de Miembros Directos a 46. Esta membresía permite a SouthState Bank participar en el proceso de creación de normas de Nacha para la Red ACH e influir en la dirección estratégica de Nacha y de la industria de pagos. Mark Robertson, EVP de SouthState Bank, enfatizó que esta membresía ayudará a garantizar que sus clientes puedan continuar enviando y recibiendo pagos de manera rápida y segura.

Como Miembro Directo, SouthState Bank ahora puede votar sobre las Reglas Operativas propuestas por Nacha, contribuir a la eficiencia y seguridad de la Red ACH, y participar en comités y grupos de trabajo de Nacha. Este movimiento demuestra el compromiso de SouthState Bank en dar forma al futuro de la Red ACH y mantener su papel en el cambiante panorama de los pagos.

SouthState Bank는 Nacha의 새로운 직접 회원으로 가입하여 총 46명의 직접 회원이 되었습니다. 이 회원 자격을 통해 SouthState Bank는 ACH 네트워크의 Nacha 규칙 제정 과정에 참여하고 Nacha 및 결제 산업의 전략적 방향에 영향을 미칠 수 있습니다. Mark Robertson SouthState Bank의 부사장은 이 회원 자격이 고객이 빠르고 안전하게 결제를 계속할 수 있도록 도와줄 것이라고 강조했습니다.

직접 회원이 된 SouthState Bank는 이제 제안된 Nacha 운영 규칙에 대해 투표하고, ACH 네트워크의 효율성과 보안을 개선하며, Nacha의 위원회 및 작업 그룹에 참여할 수 있습니다. 이 조치는 ACH 네트워크의 미래를 형성하고 변화하는 결제 환경에서의 역할을 지속하려는 SouthState Bank의 의지를 보여줍니다.

La SouthState Bank est devenue le nouveau Membre Direct de Nacha, portant le nombre total de Membres Directs à 46. Ce statut permet à la SouthState Bank de participer au processus d'élaboration des règles de Nacha pour le Réseau ACH et d'influencer l'orientation stratégique de Nacha et de l'industrie des paiements. Mark Robertson, EVP de la SouthState Bank, a souligné que cette adhésion aidera à garantir que leurs clients peuvent continuer à envoyer et à recevoir des paiements de manière rapide et sécurisée.

En tant que Membre Direct, la SouthState Bank peut désormais voter sur les Règles Opérationnelles proposées par Nacha, contribuer à l'efficacité et à la sécurité du Réseau ACH, et participer aux comités et groupes de travail de Nacha. Cette initiative démontre l'engagement de la SouthState Bank à façonner l'avenir du Réseau ACH et à maintenir son rôle dans le paysage des paiements en évolution.

Die SouthState Bank ist das neueste Mitglied von Nacha geworden, wodurch die Gesamtzahl der Direktmitglieder auf 46 gestiegen ist. Diese Mitgliedschaft ermöglicht es der SouthState Bank, am Regelungsprozess von Nacha für das ACH-Netzwerk teilzunehmen und die strategische Ausrichtung von Nacha sowie der Zahlungsbranche zu beeinflussen. Mark Robertson, EVP der SouthState Bank, betonte, dass diese Mitgliedschaft dazu beitragen wird, dass ihre Kunden weiterhin schnell und sicher Zahlungen senden und empfangen können.

Als direktes Mitglied kann die SouthState Bank nun über die vorgeschlagenen Betriebsregeln von Nacha abstimmen, zur Effizienz und Sicherheit des ACH-Netzwerks beitragen und an Nacha-Ausschüssen und Arbeitsgruppen teilnehmen. Dieser Schritt zeigt das Engagement der SouthState Bank, die Zukunft des ACH-Netzwerks zu gestalten und ihre Rolle in der sich entwickelnden Zahlungslandschaft zu bewahren.

Positive
  • SouthState Bank gains influence in shaping ACH Network rules
  • Potential for improved payment services for SouthState Bank customers
  • Opportunity to contribute to ACH Network's efficiency and security
Negative
  • None.

RESTON, Va.--(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.

Dan Roth

Nacha

571-579-0720

media@nacha.org

Source: Nacha

FAQ

What does SouthState Bank's new Nacha Direct Membership mean for SSB?

SouthState Bank's Nacha Direct Membership allows it to participate in the Nacha Rulemaking process, vote on proposed Operating Rules, and influence the strategic direction of the ACH Network and payments industry.

How many Direct Members does Nacha have after SouthState Bank joined?

With SouthState Bank's addition, Nacha now has 46 Direct Members, including financial institutions and Payments Associations.

What benefits does SouthState Bank (SSB) gain from Nacha Direct Membership?

SouthState Bank can now vote on Nacha Operating Rules, nominate and serve on Nacha's Board of Directors, and participate in committees and workgroups to shape the future of the ACH Network.

How will SouthState Bank's Nacha membership affect its customers?

According to Mark Robertson, EVP at SouthState Bank, the membership will help ensure customers can continue to send and receive payments quickly and securely through the ACH Network.

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