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The Risk Management Advisory Group (RMAG) recently released blogs offering a checklist approach for Originators and for ODFIs responding to instances of credit-push fraud. These checklists can help Originators and ODFIs think through how they plan their …
Nacha's Risk Management Advisory Group (RMAG) met in-person in October with an agenda focused on the themes of the “New Risk Management Framework for the Era of Credit-Push Fraud.” One of the main themes discussed was the role that Receiving Depository …
If an Originator realizes it has fallen victim to credit-push fraud, the only obvious fact may be that a payment didn’t reach the intended Receiver. Beyond that, a flurry of questions can create uncertainty at a time that calls for decisive action. A …
HERNDON, Virginia , July 25, 2023 – The use of Same Day ACH payments grew significantly in the first half of 2023, powering the modern ACH Network to help meet the nation’s needs for faster payments, Nacha reported today. For the first half of 2023, the …
Herndon, VA – Today, Nacha President and CEO Jane Larimer released the following statement in response to the Federal Reserve announcing its FedNow Service is now live: “Nacha congratulates the Federal Reserve on the launch of FedNow. It is a significant …
As Check Fraud Surges, Nacha’s ACH Contact Registry – Yes, ACH – is the Leading Source for Check Contacts. Has Your Institution Entered Your Check Contacts?
You don’t have to look too hard to find evidence that check fraud is a huge problem that’s only getting worse: “Despite the declining use of checks in the United States, criminals have been increasingly targeting the U.S. Mail since the COVID-19 pandemic …