May 16, 2006
The National Association of Attorneys General (NAAG) has advised Nacha of a problem with violations of federal and state laws governing the sale of tobacco products by Internet tobacco retailers. NAAG has requested Nacha’s assistance in their efforts to stop the illegal sale of tobacco over the Internet, asking that the Nacha membership refuse to provide electronic payment processing services to Internet tobacco retailers engaged in illegal sales.
March 17, 2006
This Operations Bulletin has been issued in accordance with Section 13.3 (Interpretative Rules) of the Nacha Operating Rules to clarify the Rules with respect to the exclusive use of the POP format for the electronic conversion of checks accepted at the point of purchase.
February 17, 2006
This operations bulletin is intended to alert ODFIs and other ACH Network participants to the following risks and dangers associated with this practice.
January 13, 2006
This amendment modified the Nacha Operating Rules to explicitly state that Nacha’s Board of Directors has the authority to issue binding, written interpretations of the Rules.
October 20, 2005
This operations bulletin is intended to clarify that Return Reason Code R08 (Payment Stopped) can be used to return any entry (including ARCs and RCKs) where a stop payment order has been placed on the ACH entry.
September 25, 2005
Use of the PPD Standard Entry Class Code for the conversion of consumer checks accepted at the point of purchase for payment of goods and services is not expressly recognized under the Nacha Operating Rules, as the POP application was designed with the express purpose of converting checks at the point of purchase.
September 15, 2005
The ACH Rules Enforcement Panel has decided that it will not impose penalties on financial institutions that originate XCK entries to collect checks currently defined as ineligible under Subsection 2.7.2 of the Nacha Operating Rules.
September 6, 2005
The following question and answer format is intended to provide guidance to RDFIs in responding to the needs of their account holders while remaining in compliance with the requirements of the Nacha Operating Rules.
August 5, 2003
The ability to respond knowledgeably to customer inquiries will be an important contributor to customer acceptance of these transactions, as well as customer satisfaction with their financial institutions.
March 28, 2003
The question relates to whether an ODFI’s liability for a breach of its warranty that an ACH entry is authorized is limited to the period of time in which an RDFI has the right to return the entry through the ACH Network (i.e., sixty days after the settlement date of the entry for consumer transactions and two days after the settlement date of the entry for non-consumer transactions) or whether this liability exists for a longer period of time.
September 19, 2002
This Operations Bulletin is intended to identify specific risk management concerns related to the origination of TEL entries and to clarify key rules obligations with respect to proper authorization and use of the TEL application.