ACH Operations Bulletin #1-2014: Questionable ACH Debit Origination: Roles and Responsibilities of ODFIs and RDFIs

Posted September 30, 2014

This ACH Operations Bulletin addresses the applicability of various sections of the NACHA Operating Rules (NACHA Rules) to questionable ACH debit origination activity, highlights the roles and responsibilities of both Originating Depository Financial Institutions (ODFIs) and Receiving Depository Financial Institutions (RDFIs), and describes several amendments to the NACHA Rules related to these topics. Due to these Rules amendments, several aspects of two previous bulletins from 2013 have been superseded; therefore, this bulletin replaces ACH Operations Bulletin #2-2013 (issued on March 14, 2013) and ACH Operations Bulletin #3-2013 (issued on July 15, 2013).

NACHA Government Relations Update

Posted September 12, 2014

Before the long August recess, Congressional Leaders moved to truncate an already short September work period. This month, Congress will convene for a two-week session before Members return to their districts as they gear up for the November elections.

NACHA Supports the Work of the Merchant and Financial Services Cybersecurity Partnership

Posted September 10, 2014

 NACHA announced that it is supportive of the work of the Merchant and Financial Services Cybersecurity Partnership. The Partnership, launched earlier this year, will facilitate collaboration amongst payments stakeholders in an effort to improve security across the payments system and better protect customers from cyber threats.

NACHA Announces Formation of Board Advisory Group

Posted September 3, 2014

NACHA announces the formation of a Board Advisory Group, creating a more formal mechanism for non-financial institution providers and users of the ACH Network to directly communicate with the NACHA Board of Directors.