News

Use of the ACH Network for Illegal Internet Transactions

Posted 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.

Interpretive Rule

Posted 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.

Use of PPD Debit Entries for Check Conversion

Posted 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.