Collaborative Effort by Nacha's Payments Innovation Alliance: Launching a Video Contest to Crowdsource Ideas for Combatting Fraudulent Activities
The Nacha Payments Innovation Alliance has launched the 2025 Spotlight! Payments Video Challenge, inviting participants to submit videos educating others about avoiding financial scams targeted at consumers.
The contest, now in its second year, is made possible by the generosity of FICO, Center for Payments, Chase, and the Independent Community Bankers of America. The theme for this year is "Stand Against Scammers".
Participants can win up to $6,500 for their video submissions. The contest offers a total of $10,000 in prize money. The exact submission deadline has not been explicitly stated, but as of early August 2025, the contest is currently active. For the most authoritative and up-to-date details, you should consult the official contest webpage at Nacha's website.
The ACH Network, governed by Nacha, is a thriving, safe, smart, and fast payment system that enables Direct Deposits and Payments. The Network reaches all U.S. bank and credit union accounts, processing a total of $86.2 trillion in payments in 2024.
The Nacha Payments Innovation Alliance is a coalition aiming to innovate in payments and fight scams through public engagement and educational video contests. To learn more about the Alliance, visit their website.
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 inform others about avoiding common financial scams, contributing to a safer payments ecosystem.
For media inquiries, contact Dan Roth at Nacha at 571-579-0720 or [email protected].
The video submissions should be 60 seconds or less, and the contest is open to adults. Entries are due on Aug. 31, 2025.
In the rapidly advancing technology landscape, the Nacha Payments Innovation Alliance has launched the 2025 Spotlight! Payments Video Challenge, incentivizing participants with prizes up to $6,500 for creating videos that educate others about financial scams, particularly those targeting consumers. This campaign, supported by FICO, Center for Payments, Chase, and the Independent Community Bankers of America, aligns with the Alliance's mission to combat fraud, contributing to a more secure and efficient business and finance environment. For detailed information about the contest, including the exact submission deadline, head over to Nacha's official webpage.
