NACHA announced today that its voting membership approved Same Day ACH, an amendment to the NACHA Operating Rules to move payments faster. The rule enables a ubiquitous same-day capability for virtually any ACH transaction, creating options for the businesses, governments and consumers who want to move their money faster.
In October, FS-ISAC and the Payments Risk Council are conducting a two-day, table-top exercise that simulates an attack on payment processes. This annual exercise will help financial institutions internally assess readiness in the event of a cyber attack.
Components of NACHA's new ACH Network Risk and Enforcement and Quality Rules will become effective in September. Now is an opportune time to review your return rate levels to prepare for implementation of the Rules.
NACHA today announced that Congressman Connolly of Virginia submitted a proclamation into the Congressional Record recognizing the financial services industry for its work to move payments faster with Same Day ACH.