Posted February 10, 2013
Account Validation enables businesses and/or financial institutions to validate account information received from a consumer or business, including the ability of that account to receive electronic payments. To gather information and perspectives on the use of such services, NACHA is issuing an Account Validation Industry Survey. The survey requests feedback on the industry’s current use of account validation services as well as input on requirements when considering account validation services for ACH payments.
NACHA invites your organization to participate in this survey by visiting: http://www.surveymonkey.com/s/Account_Validation_Survey. The survey will be open through February 19, 2013.
Survey responses are confidential and anonymous, and findings will only be shared in aggregate. The survey results will help inform NACHA’s ongoing evaluation of potential ACH Network enhancements.