Payments
ACH's most boring 10 characters just became policy
From March 2026, Nacha standardizes the ACH Company Entry Description as PAYROLL or PURCHASE for those payment types. It sounds trivial, but a free-text field becoming a dependable category is what finally lets reconciliation automation stick on a rail that still moves tens of billions of payments a year.
Lead essay
Start here when you want the current Doric argument instead of a chronological archive.
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