🚨🕵️♂️ Early-bird pricing for our 2024 Electronic Payments Conference ends tomorrow! Register now to save $50 and secure your spot in the ultimate event for decoding electronic payments. Don’t let this opportunity slip away!
Macha/PAR
Financial Services
Linthicum Heights, Maryland 576 followers
Everything Payments - Everywhere
About us
Macha/PAR believes that our responsibility is to create value and provide exemplary support. Our most important role is responsiveness in providing excellent service to our members, as well as being their primary source for questions, education, and expertise for all their payments needs including ACH, check, card, wire, and faster payments. Macha is a not-for-profit trade association devoted to providing support to its members by helping them maintain compliance, improve operational processes, and mitigate fraud and risk. PAR is a for-profit subsidiary that provides ACH audits, RDC risk assessments, and unclaimed property services to members and nonmembers alike. It is our pleasure to offer our members special pricing on training, publications, and compliance services as well as partner services including Segmint Payment Analytics, Adams & Reese’s law services, Georgeson’s unclaimed property and escheatment expertise, Argos Risk’s third-party risk management solutions, and more. Members also receive access to numerous resources and information on the latest changes to rules and regulations on our Members Only page. Macha is a Direct Member Payments Association of Nacha, an ECCHO Partner, and a a member of the US Faster Payments Council. Mission statement: Macha shares a common strategy with its membership in the pursuit of maximized business efficiencies, improved and evolving payment processes, reduced risk and cost, and increased participant satisfaction.
- Website
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http://www.macha.org
External link for Macha/PAR
- Industry
- Financial Services
- Company size
- 11-50 employees
- Headquarters
- Linthicum Heights, Maryland
- Type
- Nonprofit
- Founded
- 1975
- Specialties
- Payments Training, Payments Publications, AAP/NCP Exam Preparation, Operational Support for Financial Institutions, and AAP/NCP Continuing Education Credits
Locations
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Primary
1306 Concourse Dr
350
Linthicum Heights, Maryland 21090, US
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W177 N9856 Rivercrest Drive
Suite 105
Germantown, Wisconsin 53022, US
Employees at Macha/PAR
Updates
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Macha, Inc. and PaymentsFirst, Inc. to Merge Combination Creates Dynamic Payment Association Macha, Inc. ("Macha") and PaymentsFirst, Inc. ("PFI") announced today that their respective Boards of Directors have approved a merger agreement under which the two payment associations will combine. Macha's wholly-owned subsidiary, Payment Advisory Resource ("PAR"), will continue to offer audit and consulting services under the combined payment association. "Our organizations have very similar cultures and approaches to education, advocacy, and member-oriented service, and this merger gives us the strength and resources to remain competitive going forward.," said Mary Gilmeister, President and CEO of Macha. Rich Leary, President and CEO of PFI added, "I am excited to partner PaymentsFirst’s, education, member services, proprietary audit and risk assessment software, and industry leading AI utilization with all the exceptional services Macha offers to their members." Gilmeister will serve as the CEO of the resulting entity, and Leary will serve as the President. Leary noted, "I’ve collaborated with Mary Gilmeister on many industry initiatives over the past 30 years and am truly looking forward to bringing our teams together to serve our combined members." Gilmeister observed that "Rich Leary and his team have built a legacy with PFI that makes it a perfect fit for Macha and we look forward to working together and carrying that forward." The merger is subject to approval by the members of both Macha and PFI in accordance with their respective bylaws. The votes are expected to occur in the 3rd quarter of 2024 with consummation to follow shortly thereafter. Reinhart Boerner Van Deuren s.c. served as Macha's legal advisor. Adams and Reese LLP served as PFI’s legal advisor. ### About Macha Macha was formed in 1975 and has more than 500 members. Macha, directly and through PAR, offers its members support on all payment systems, education, audit, risk and consulting services. www.macha.org. Contact Mary Gilmeister at (262) 345-1245 or [email protected]. About PFI PFI was formed in 2015 and has more than 650 members. PFI offers its members support on all payment systems, education, audit, risk, and consulting services. www.paymentsfirst.org. Contact Rich Leary at (678) 528-3234 or [email protected]. View the full press release here: https://lnkd.in/ec2g97Ak
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This #MachaMonday is here to remind you to grab your balancing pole and join us for tomorrow's (7/30) session "High Wire: Wire Transfer Best Practices!" Register now: https://ow.ly/wXM050SFCYC #payments #education
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This is your reminder to schedule your next audit with PAR today - an industry leader in the performance of ACH audits! Contact us for a quote, to make an appointment, and to learn more!
Macha | ACH Audits
macha.org
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Trish celebrates her anniversary with Macha this week! 🎉 Happy #workanniversary, Trish! We're thankful to have you on our team. Your hard work and dedication are so appreciated.
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🕵️♀️ The clock is ticking! Early-bird pricing for our 2024 Electronic Payments Conference ends next week! Register by July 31 to save $50 and dive into the mysteries of electronic payments. Don’t miss out on this chance to be part of the action! https://lnkd.in/e64iHUdv #inperson #wisconsin
Macha | Macha - Everything Payments Everywhere
macha.org
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Same Day ACH for Q2 broke the record books! Find out more here: https://ow.ly/JzBt50SFYYj #nacha #ach
Nacha: 2Q 2024 ACH Network Volume Growth
macha.org
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Hooray! It's #MachaMonday! Our in-Person AAP sessions start this week in both Maryland and Wisconsin. Register for them here:
AAP Test Prep Package (Macha)
macha.org
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Macha/PAR reposted this
The ACH Network is thriving! In 2Q 2024: ✅ 8.3 billion ACH payments were processed, totaling $21.6 trillion. ✅ There were 292.3 million Same Day ACH payments, an eye-popping 46.6% increase. ✅ Business-to-business (B2B) payments volume totaled 1.8 billion, an increase of 10.9% from 2Q 2023. See how the modern ACH Network continues to grow: https://hubs.la/Q02H4QRw0
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With less than eight months remaining until the Fedwire Funds Service ISO 20022 migration, the urgency for financial institutions to begin comprehensive testing is paramount. Read more here:
Testing for the Fedwire Finds Migration to ISO 20022 | Federal Reserve Financial Services
frbservices.org