January 16, 2007
Through this Operations Bulletin, Nacha calls attention to current laws and forthcoming regulations that may affect the ACH Network.
September 15, 2006
This Operations Bulletin is intended to be a reminder of the key points related to the appropriate use of Return Reason Code R69 (Field Errors) and address a common misuse of this return code in today’s marketplace.
September 15, 2006
On September 15, 2006, an amendment to the Nacha Operating Rules (Rules) became effective that modified the rules with respect to Accounts Receivable Entries (ARC) and Point-of-Purchase Entries (POP) to enable ACH participants to more readily identify business checks that are ineligible for conversion to ARC and POP entries. This Operations Bulletin is intended to remind ACH participants of the fundamental aspects of this amendment.
July 27, 2006
This Operations Bulletin is intended to remind ACH participants, and ODFIs and their Originators in particular, about the proper handling of changes requested via the NOC process.
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.
April 28, 2006
The Electronic Payments Association will present its 2006 George Mitchell Payments System Excellence Award to Roger W. Ferguson, Jr., Vice Chairman of the Federal Reserve Board, who is completing his service to the Federal Reserve and the U.S. payments system on April 28, 2006. The award is named after one of Ferguson’s predecessors as Vice Chairman — George W.
April 24, 2006
HERNDON, Va., April 24 -- Nacha-The Electronic Payments Association will award its 2006 Kevin O'Brien ACH Quality Award to Parish National Bank of Covington, Louisiana, in recognition of its disaster and business continuity planning and its remarkable efforts to provide its customers with automated clearing house (ACH) payment services in the aftermath of Hurricane Katrina.
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.