Tag: Blog
Implementation Dates:
Nacha Rule compliance is often viewed as a necessary obligation, a box to check to satisfy auditor and examiner expectations.
In recent blog posts, Nacha has shared updates about our First-Party Fraud workgroup and suggested actions that ACH Network participants can take to help identify and mitigate firs
SAN DIEGO—Keeping up with Nacha Rules changes can be challenging, but for her fellow payments professionals working at corporates, Lee-Ann Perkins stresses a message of self-reliance.
SAN DIEGO—Fighting first-party fraud can be a catch-22.
Nacha is always looking to enhance the ACH Network, which is why we’re asking for input on some new Nacha Operating Rules proposals.
SAN DIEGO—Cybercriminals are leveraging artificial intelligence, and experts warn it’s only the beginning.
Business email compromise attempts soared last year, with nearly three-quarters of organizations reporting incidents, a new survey found.
SAN DIEGO—If you think today’s fraudster is some dude in black sunglasses sitting in front of a bright monitor in a dark basement, you’re mistaken.
SAN DIEGO—At a session titled “Achieving ACH Operational Compliance: Keys to Building a Strong Compliance Program,” Brent Phillips made a key point early on.
SAN DIEGO—Like his counterparts at state treasuries nationwide, Brant Gibson knows this to be true: “Everybody wants to target government funds, because government transactions are usually high-dollar transactions.”
SAN DIEGO—At the moment, you’re unlikely to use stablecoin to pay for your new lawnmower or for the mocha latte to give you the energy to use it. But will that always be the case? Molly Woodman sees a day when things will be different.
SAN DIEGO—It’s already been a busy year for Nacha and the ACH Network, but with more than half still to come this is no time to unbuckle your seat belt.
SAN DIEGO—It operates quietly day and night. But underestimate the value of the ACH Network at your own peril.
SAN DIEGO—Jason Y. Lee remembers coming home from kindergarten one day and telling his parents he wanted to be a cop. But, as Lee quickly found out, his life had a script, and that wasn’t in it.
SAN DIEGO—There aren’t a lot of people who would stand on stage and encourage those in the ballroom to “go off and be boldly stupid,” but that’s exactly what Scott Dikkers did.
Ten is a very important number this year at Nacha and there’s a lot to celebrate.
Topping the list is the tenfold increase to the dollar limit for Same Day ACH payments just approved by the Nacha membership. The current $1 million rises to $10 million on Sept. 17, 2027.
Nacha’s Risk Management Advisory Group (RMAG), Rules and Operations Committee, and the First-Party Fraud Workgroup are looking at ways to better identify and mitigate first-party fraud. The first steps are education and raising awareness of the problem.
Every time you tap your phone at a terminal, browse the web, or authorize a secure online payment, you aren't just using high-end technology—you are relying on quantum mechanics.
The payments industry cannot wait for the arrival of a cryptographically relevant quantum computer to act.