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Nacha is requesting industry comment on nine proposals to amend the Nacha Rules. These proposals concern risk management and are substantially oriented towards reducing the incidence of successful fraud and improving the recovery of funds within the ACH …
A new Nacha Rule that’s been in effect for just over a year is proving to be quite successful. The rule repurposed an existing, little-used return reason code—R11—to be used when an RDFI’s customer claims that there was an error with an otherwise …
Nacha believes that risk management is central to maintaining a high-quality ACH Network that relies on the trust of each participant. Financial Institutions’ obligations include conducting a risk assessment and implementing a risk management program …
Although Tax Day was April 15, the IRS and State Tax Refund Return Opt-In Programs are available year-round to help financial institutions return tax refund credits in cases of suspected error or fraud. Participation is straightforward: Simply read and …
Naysayers want you to believe there is no hope in preventing or surviving a ransomware attack, so you should just give up now. Or, you can join the Payments Innovation Alliance for its next webinar to learn how to cut through the fear, so you can focus …
While ACH is as easy as ABC in the payments world, not everyone knows about the benefits of using electronic payments. That’s where Nacha’s Industry Verticals team comes in. “Mention Direct Deposit and the light bulb comes on, but ACH is a whole lot more, …
It’s an issue vexing financial institutions big and small—while keeping Nacha’s National System of Fines busy handling disputes: proof of authorization. “There’s a lot of confusion surrounding what constitutes a valid proof of authorization,” said Lorie …
As the pandemic winds down, both consumers and merchants are beginning to figure out what the “new normal” will be. This is especially true for the way they interact with money. People are paying at the register with their phones, and merchants are …
In just five short years, Same Day ACH – Nacha’s faster payments solution – has gained remarkable traction, with the payments community putting it to work in several use cases. In a recent podcast interview with PaymentsJournal, Nacha’s Michael Herd …