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A customer overpays by 22 cents, and you refund it by ACH. Is that a Micro-Entry? How about if a customer pays a 93-cent bill by ACH. Is that a Micro-Entry? Are these transactions subject to the new Nacha Micro-Entry Rule taking effect Sept. 16? “Not …
HERNDON, Virginia , Aug. 23, 2022 – Nacha’s Phixius service, a trusted peer-to-peer network for efficient and safe exchange and verification of payment-related information, announced today that financial institutions and service providers in the Phixius …
Each depository financial institution that transmits or receives ACH entries is required to pay Nacha an Annual Fee and a Per-Entry Fee for costs associated with the administration of the ACH Network. The fee amounts are set to recover costs of the ACH …
Some of Nacha’s top leaders were among those informing and enlightening participants at AFP 2022 in Philadelphia last month. Jane Larimer, Nacha President and CEO, joined Joe W. Hussey, Nacha Board Chair and Senior Vice President, Global Treasury …