Steve Ellis of Wells Fargo Elected as NACHA Chairman

The members of NACHA have elected Steve Ellis, executive vice president of Wells Fargo & Company’s wholesale banking group, as the Chairman of NACHA’s board of directors. Ellis and the new NACHA Board officially began two-year terms on 1 January 2005. “I’m excited about the opportunity to work with representatives across the financial services industry on the evolution of electronic payments,” said Ellis. “NACHA and the ACH Network are well-positioned to assist the payments industry and promote the safety and soundness of the payments system during this evolution. Some current hot topics include check conversion, the impact of the Check 21 legislation, and risk management practices.”


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