NACHA Government Relations Update - March 2, 2017

Posted March 1, 2017

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 Challenge Deadline Extended – Entries Due Feb. 28

Posted February 17, 2017

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. 

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

Posted 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.