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Feb 02, 2023
Nacha in 2023: A Lot to Look Forward to
Supplementing Data Security Requirements (Phase 1)
The existing ACH Security Framework Rule -- including its data protection requirements -- will be supplemented to explicitly require large, non-FI Originators, Third-Party Service Providers and Third-Party Senders to protect deposit account information by rendering it unreadable when it is stored electronically.
Increasing the Same Day ACH Dollar Limit
This rule is a major enhancement to Same Day ACH, as the dollar limit per payment quadruples to $100,000. Among the many uses of Same Day ACH, B2B payments are expected to reap some of the biggest benefits. Nacha estimates 97% of all ACH B2B payments are now eligible for Same Day ACH, compared to 91% under the previous $25,000 per payment limit. Other common uses for Same Day ACH include Direct Deposit payments for insurance claims and disaster assistance.