News

Financial institutions of all sizes should be at the ready to help dental practices implement electronic claims processes.

NACHA is publishing the attached forms, 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. NACHA encourages financial institutions to become familiar with this agreement and consider the situations in which to use it, as the use of a standard form is expected to reduce delays and costs associated with negotiating the terms of agreements between financial institutions.

NACHA is pleased to announce that its Board has elected three Directors to serve as Officers for 2019-2020.

Payments fraud “remains rare” in the U.S., with ACH payments having the lowest fraud rate by value, a new Federal Reserve study found.

NACHA will provide more information on the new Remittance Validator tool at HighRadius’ RADIANCE ’19 in Houston in February, and its Smarter. Faster. PAYMENTS 2019 Conference in Orlando in May.