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Community banks are among those on the front lines in the war on fraud, and Scott Anchin believes they have a secret—or maybe not so secret—weapon. “One of the things that community banks do really well is relationship banking. They know their customers …
Nacha has created an Opt-In Program to better facilitate the return and recovery of potentially fraudulent unemployment benefits originally paid by ACH credits (i.e., Direct Deposit). ODFIs for state unemployment benefit agencies are able to “opt-in” on …
Facilitate return/recovery of fraudulent unemployment benefits. …
NEW ORLEANS —Financial inclusion is an issue getting a lot of attention from regulators, lawmakers, bankers and others. Could digital assets be at least part of the solution? “When we think about what this technology can do from an inclusion standpoint, …
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 …