NACHA's Government Relations update provides insight on policy matters at the federal and state level that could impact the ACH Network. In this edition: NACHA Hosts British Consulate’s Office Trade Mission, NACHA Addresses CUNA Payments Policy Subcommittee Meeting, Hensarling’s Choice Act Slated for Floor Action in the House in Months and more.
NACHA launches new effort to build use of ACH payments to grow and retain donors, as well as releases a case study featuring Capital Public Radio, which uses Direct Payment via ACH to retain donors 20 percent longer
The NACHA Challenge, a team competition — worth $25,000 in prize money — is designed to foster new ways to leverage Same Day ACH to create innovative solutions to improve efficiencies and added capabilities within the payment system.
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.
NACHA and partner organizations will host a webinar on Feb. 23, as well as highlight the value of Split Deposit during America Saves Week, Feb. 27-March 4, through Direct Deposit and Direct Payment via ACH Month in May.