Synchrony Joins Nacha as New Direct Member

Nacha announced Synchrony, a leading consumer financing company and online bank, is its newest Direct Member. With the addition of Synchrony, Nacha now counts 47 Direct Members, including financial institutions and Payments Associations. “We are excited to welcome Synchrony to Nacha’s community of Direct Members,” said Jane Larimer, President and CEO of Nacha. “Synchrony’s deep commitment to offering secure and accessible financial solutions, including ACH payments through its online banking platform, aligns with our mission to advance the modern ACH Network.” Synchrony enables customers to utilize ACH payments through user-friendly online and mobile interfaces. These services provide consumers with low-cost, efficient ways to move money, helping them manage savings goals, make payments and build a better financial future. “Becoming a Nacha Direct Member underscores our commitment to innovation and customer-centric financial solutions,” said Mary Anne Gilvin, SVP, Treasury Operations at Synchrony. “As a Direct Member, Synchrony will have the opportunity to contribute directly to the rulemaking process helping to shape the future of the ACH Network. We believe in delivering secure, seamless digital banking experiences to help our customers pay and save for the things that matter to them while getting value they cannot get anywhere else.” Nacha's Direct Member program offers financial institutions and Payments Association organizations the ability to shape the governance and direction of the ACH Network. Direct Members vote on proposed Nacha Rules, nominate and elect members to Nacha’s Board of Directors, and participate in various committees and workgroups that help foster innovation and promote industry-wide collaboration. More information about Nacha’s Direct Member program is available at nacha.org.