Nacha News

Nacha creates broadly adopted payment and financial messaging rules and standards through consensus-led governance, international collaboration, and innovative development practices. We continually advance the ubiquitous ACH Network and engage diverse stakeholders to accelerate a digital future of global financial services interoperability.

40 results

ACH Operations Bulletin #2-2019: Effective Date of New Same Day ACH Window Deferred by Six Months

March 12, 2019
The effective date of the new Same Day ACH processing window is deferred by 6 months until March 19, 2021. The Federal Reserve Board of Governors (“Fed Board”) has informed Nacha that it will not be able to provide timely notification of its approval for Federal Reserve services necessary to enable the new window by the deadline provided for in the rule.
Operations Bulletin

ACH Operations Bulletin #1-2019: Indemnification Agreement for Use by Financial Institutions in Requesting Return of Funds from ACH Entries

January 30, 2019
Nacha is publishing the attached form, entitled “Indemnification Agreement – Request for Return of Funds from ACH Entry” (“Indemnification Agreement”), for use by financial institutions in certain situations in which an ODFI requests the return of funds from an ACH transaction, and the RDFI desires to receive a written indemnification in addition to the indemnification contained in the Nacha Operating Rules (“Rules).”
Operations Bulletin

ACH Operations Bulletin #4-2017: Managing the Risks of Consumer-to-Other-Consumer Debits

November 27, 2017
The Nacha Operating Rules provide for Person-to-Person (P2P) payments via ACH credit transactions. In this way, one person can transfer funds to another person. Nacha has become aware that some financial institutions and their service providers are allowing consumers to debit other consumers’ accounts. This ACH Operations Bulletin[1] provides guidance to financial institutions and their service providers on the application of the Nacha Operating Rules and other risk management considerations relevant to the origination of such “consumer-to-other-consumer” (C2C) debits.
Operations Bulletin

ACH Operations Bulletin #2-2017: Same Day ACH and Debit Processing

April 11, 2017
ACH debits become eligible for same-day settlement with the implementation of Same Day ACH Phase 2 on Sept. 15, 2017. This ACH Operations Bulletin provides information to Originating and Receiving Depository Financial Institutions, Originators, Third-Party Senders, and software and processing vendors on important aspects of ACH debit processing in a same-day environment. Even those not planning to use same-day processing for ACH debits should take reasonable care to prevent unintentional same-day ACH debits.
Operations Bulletin

ACH Operations Bulletin #1-2017: Social Engineering Fraud Against Public-Sector and Other Entities

February 16, 2017
This ACH Operations Bulletin provides information to Participating Depository Financial Institutions and their business customers about a specific type of social engineering fraud that is targeting public-sector entities. Fraudsters have used these social engineering techniques to manipulate public-sector entities into redirecting legitimate vendor payments to accounts controlled by the fraudsters. Although any business entity could be the target of this type of social engineering attack, public-sector entities seem to be specifically targeted because their contracting information is often a matter of public record.
Operations Bulletin

ACH Operations Bulletin #2-2014: ACH Transactions Involving Third-Party Senders and Other Payments Intermediaries

December 30, 2014
In most ACH transactions, the roles of the various parties to the transaction (e.g., Originator or Receiver) are well understood. When a transaction involves a Third-Party Sender or other payment intermediary, however, roles can become confused. Although the proliferation of new payment models makes it impossible to catalogue all the different fact patterns that may arise, this ACH Operations Bulletin is intended to provide some representative examples that should help participants and observers properly categorize the roles of the parties in payment scenarios involving different types of third party payment intermediaries, and understand how ACH transactions should be identified for consumers.
Operations Bulletin

ACH Operations Bulletin #1-2014: Questionable ACH Debit Origination: Roles and Responsibilities of ODFIs and RDFIs

September 30, 2014
This ACH Operations Bulletin[1] addresses the applicability of various sections of the Nacha Operating Rules (Nacha Rules) to questionable ACH debit origination activity, highlights the roles and responsibilities of both Originating Depository Financial Institutions (ODFIs) and Receiving Depository Financial Institutions (RDFIs), and describes several amendments to the Nacha Rules related to these topics.[2] Due to these Rules amendments, several aspects of two previous bulletins from 2013 have been superseded; therefore, this bulletin replaces ACH Operations Bulletin #2-2013 (issued on March 14, 2013) and ACH Operations Bulletin #3-2013 (issued on July 15, 2013).
Operations Bulletin

ACH Operations Bulletin #1-2013: ODFI Warranty for Outbound IAT Entries

March 8, 2013
This ACH Operations Bulletin advises Originating Depository Financial Institutions (ODFIs) and other ACH participants of an amendment to the Nacha Operating Rules regarding the warranty an ODFI makes for an Outbound IAT Entry. This Bulletin is being issued due to the immediacy of the effective date of the Rules amendment.
Operations Bulletin

ACH Operations Bulletin #2-2012: Third-Party Tax Payments Banking Convention (Revised 7/23/13)

October 25, 2012
This ACH Operations Bulletin advises financial institutions, state revenue agencies, and other parties that remit tax payments to state revenue agencies of a new “Third-Party Tax Payment” banking convention.  Nacha recommends that the “TPP” convention be followed when formatting and transmitting remittance information in the addenda record of a CCD entry for certain “third-party tax payments.
Operations Bulletin