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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 …
Season 3, Episode 6: A Valuable Tool for ACH Compliance Nacha recently updated the ACH Compliance Manual , which offers crisp insights into authorizations, processing and more from Nacha’s subject matter experts. Hear from Nacha’s Danita Tyrrell, Senior …
… More Money Per Donation . Monthly gifts from donors using electronic bank transfers are on average 55% higher than with other payment types. Make Donating Easier . No more counting or carrying cash or checks. Instead, donations made by electronic bank …
Many medical and dental offices operate on tight budgets, so every dollar counts more than ever. ACH can help. Learn how to tap into the ACH Network and use Direct Deposit and Direct Payment to free up time, and save money and energy to help you grow your …
Today Nacha announces that Phixius, a new platform that facilitates the trusted exchange of payment information is live and has completed its first information exchange transactions between participants. “We are excited that Phixius is now live,” said …
Same Day ACH has gained remarkable traction, with the payments community putting it to work in a number of use cases. Nacha takes a closer look at some of those success stories. We invite you to read our case studies to see some of the creative ways Same …
It’s called the ACH Contact Registry, but it’s being used for a whole lot more. Under the Nacha Rules, financial institutions must enter staff or departmental contacts for ACH operations and fraud/risk management. But there’s the option to list contacts …
For more than a year, Nacha and the Payment Associations have been urging financial institutions large and small to fulfill their obligations and enter required information in the ACH Contact Registry. Nacha made clear that after an extended grace period, …
The Rule creating the ACH Contact Registry was approved more than a year ago, and in that time Nacha has been proactively making financial institutions aware of the requirement to register—first that it was on the way, and later when the Registry opened …