Nacha Appoints Six Bank Industry Executives to Board

Nacha, the bank industry group that oversees the automated clearing house network, has appointed six industry executives to its board.

The bankers will serve three-year terms on the board of Nacha starting immediately, the group said Tuesday.

The directors are Michael Bellacosa, managing director at Bank of New York Mellon; Richard Burke Jr., head of corporate products and services at TD Bank; Kevin Christensen, vice president of audit at Shazam; Michael Fossaceca, managing director at Citibank; Craig Vaream, managing director at JPMorgan Chase; and Uma Wilson, director of product management at UMB Bank.

Nacha's board includes 19 members from financial institutions of varying sizes and types, all of which use the ACH network.

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