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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 …
Florida dentists will soon find it easier to get fee-free EFT claim payments—and reject virtual credit cards (VCCs)—under a new law coming to the Sunshine State. “A health insurer that pays a claim to a dentist through Automated Clearing House transfer …
Stopping fraud before it happens—and improving funds recovery if it does—is something all financial institutions should be doing. A package of Nacha Rule changes to help in those efforts is taking effect Oct. 1. Several of the new rules are really an …
… 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 …
Any database is only as good as the information it contains, and the ACH Contact Registry is no exception. Although enforcement of the Registry Rule doesn’t begin until Aug. 1, Nacha is already making spot-checks for data quality. The Rule requires that …
Urges Greater Adoption of the Healthcare EFT, and Points to Afinis as Model for API Standardization Nacha filed comments on July 30, 2021, with the National Committee on Vital Health and Statistics (NCVHS), Subcommittee on Standards, in response to the …
High-quality, relevant CLE from the comfort of your La-Z-Boy Recliner? Or while you work out in your gym? Yes, please! Even better: It's free for lawyers! More than 480 lawyers, compliance professionals, and payment executives tuned in to Nacha’s second …
This Rule defines and standardizes practices and formatting of Micro-Entries, which are used by some ACH Originators as a method of account validation. The term Micro-Entry is defined, and Originators are required to use the standard Company and …
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 …