Which organization was established in 1974 to coordinate the ACH movement nationwide?

The organization established in 1974 to coordinate the ACH movement nationwide is the National Automated Clearing House Association, commonly referred to as NACHA. This organization plays a crucial role in the development and governance of the ACH network, setting standards, rules, and promoting the growth and adoption of electronic payments in the United States. NACHA's efforts ensure that the ACH system operates smoothly and efficiently, facilitating transactions between financial institutions and supporting the overall electronic payments ecosystem.

This organization is vital for maintaining the interoperability and security of ACH transactions, making it easier for businesses, consumers, and banks to engage in electronic fund transfers. The establishment of NACHA marked a significant step in the evolution of electronic payments, shifting the focus toward a standardized and refined system that has grown in importance over the decades.

The other options, while related to the ACH network, do not represent the specific founding organization responsible for coordinating the ACH movement nationwide. The Automated Clearing House Association is an outdated term and does not reflect the correct name of the organization as it is known today. The Electronic Payments Network refers to a private ACH operator but not the national governing body, and the Federal Reserve Bank, while a critical institution in the banking system, is not specifically focused on the national coordination of the ACH movement