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So many things that we need to sign today we can handle online. Nacha’s Risk Management Portal is now making it happen for Letters of Indemnity (LOIs). As of Feb. 28, 2022, Originating Depository Financial Institutions (ODFIs) are able to use the Portal …
One basic tenet of the Nacha Operating Rules is that an Originating Depository Financial Institution (ODFI) assumes responsibility for many warranties and indemnifications to each Receiving Depository Financial Institution (RDFI) and ACH Operator. Until …
Afinis Interoperability Standards said it has released three new APIs to assist corporate customers of financial institutions with accessing and reviewing their own financial transaction data to better help them with cash management analysis and informed …
It’s often said that the Nacha Operating Rules are a living document, always changing, never stagnant. There was abundant proof of that in 2021, as seven Rules changes took effect, and 2022 is shaping up to be another busy year. First, let’s look at some …
Changes are coming to the way ACH Network participants use Micro-Entries following approval of a new Nacha Rule —one you should be looking to adopt even before it takes effect. “We know Micro-Entries happen in the ACH Network and they’re a good tool for …
HERNDON, Virginia , March 18, 2024 – Nacha members have approved a set of rules intended to reduce the incidence of frauds, such as business email compromise (BEC), that make use of credit-push payments. The new rules establish a base-level of ACH payment …
… Each depository financial institution that transmits or receives ACH entries is required to pay Nacha an Annual Fee and a Per-Entry Fee for costs associated with the administration of the ACH Network. The fee amounts are set to recover costs of the ACH …
April is National Volunteer Month and we’d like to recognize each of you who have devoted so much of your time and energy to Afinis Interoperability Standards. It is because of your valuable contributions that this organization is what it is today. Thank …
Finicity, a Mastercard company, is now a Nacha Preferred Partner for Account Validation through Finicity Pay ™, an integrated solution set of Finicity’s open banking platform. In becoming a Preferred Partner, Finicity joins a select group of innovators …