The company posted the following statement on its blog:“Our membership with the NACHA Alliance provides us with further opportunity to further our mission of working with everyone within the industry to help drive innovation around the movement of money.”Increasing complianceRipple Labs has always claimed the Ripple protocol is perfectly suited for use by financial institutions and enterprise, saying its involvement has been a long-standing drive by the company.Recent announcements and improvements reflect this stance. On 4th June, the company announced it was working to add features to its protocol that would empower gateways to freeze non-XRP balances they have marked for further investigation if they suspect related accounts have been hijacked or are engaging in suspicious behaviour.The new features are part of Ripple Labs’ commitment to helping gateways with regulatory compliance and giving those gateways tools to better manage compromised and suspicious balances, according to the Ripple wiki.The protocol will soon gain new messaging and identity features, plus other tools to allow stakeholders to identify such suspicious activity and communicate it to other users who wish to avoid those accounts.‘Suspicious activity’ would involve money laundering, fraud, or other attempts to manipulate digital currencies and their networks.Stakeholders would still have the freedom to decide whether or not to implement the tools and enforce risk controls, but could highlight the increased compliance in advertising to potential new customers.Ripple Labs says it is working on these improvements in order to be more regulation, compliance and law-enforcement friendly – words that will be reassuring to the traditional financial industry.About NACHANACHA represents over 11,000 US financial institutions who fund the organization either directly or via regional associations. The ACH Network itself, which is separate, moves about 22 billion transactions and $39tn (yes, trillion) annually.NACHA members cooperate to set private sector operating rules including risk management and security of the network, with a mission “to facilitate the expansion and diversification of electronic payments on the ACH Network.”Image via My Life Graphic / ShutterstockpaymentsregulationRipple LabsOriginal author: Jon Southurst