Public invited to join Nacha's fight against scams through a video contest aimed at promoting payment innovations and strengthening consumer protections.
Nacha's Payments Innovation Alliance Launches Video Challenge to Fight Financial Scams
In an effort to educate the public about avoiding financial scams, Nacha's Payments Innovation Alliance has announced the second annual Spotlight! Payments Video Challenge. The contest invites participants to submit a 60-second educational video that fits the theme, "Stand Against Scammers."
The contest is open to all and runs from August 1 to August 31, 2025. Submissions can be made via a third-party website linked from the contest page [source 5]. The video challenge aims to empower creators to develop educational materials and tools related to payments innovation and security, specifically scam prevention [sources 3, 5].
The winning submission will receive up to $6,500 in prize money. The total prize money for the contest is $10,000. The deadline for submissions is August 31, 2025.
The ACH Network, governed by Nacha, is a payment system that facilitates Direct Deposits and Direct Payments. It reaches all U.S. bank and credit union accounts and is known for being safe, smart, and fast. In 2024, there were 33.6 billion ACH Network payments made, valued at $86.2 trillion [source 6].
The Federal Trade Commission reported that consumers lost more than $12.5 billion to fraud in 2024, a 25% increase over reported losses in 2023. The contest aims to address this growing issue and promote awareness about financial scams.
The Spotlight! Payments Video Challenge is made possible by the generosity of FICO, the Center for Payments, Chase, and the Independent Community Bankers of America. The official rules for the contest can be found at https://www.nacha.org/s/spotlight-payments-video-challenge/ [source 7].
For media inquiries, please contact Dan Roth at 571-579-0720 or [email protected]. Nacha develops rules and standards, provides industry solutions, and delivers education, accreditation, and advisory services. It is the organization responsible for the Payments Innovation Alliance.
Don't miss out on this opportunity to make a difference and win some prize money! Start creating your video now and submit it before August 31, 2025. Let's stand together against scammers!
The Spotlight! Payments Video Challenge, a platform initiated by Nacha's Payments Innovation Alliance, invites creators to submit educational videos about scam prevention, rewarding the best with up to $6,500 in prize money. In the context of the growing issue of financial scams reported by the Federal Trade Commission, this contest serves to empower creators and promote awareness in the realm of education-and-self-development, business, finance, and even the clouds of cloud-based transactions, the ACH Network being an example.
