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The WEB Debit Account Validation Rule became effective March 19, 2021. The rule was originally approved by Nacha members in November 2018 to become effective January 1, 2020. The Nacha Board of Directors approved an extension in effective date to allow …
This Rule clarifies the roles and responsibilities of Third-Party Senders (TPS) in the ACH Network by Addressing the existing practice of Nested Third-Party Sender relationships, and Making explicit and clarifying the requirement that a TPS conduct a Risk …
This Rule will define and standardize practice and formatting of Micro-Entries, which are used by some ACH Originators as a method of account validation. This phase of the Rule requires Originators of Micro-Entries to use commercially reasonable fraud …
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 …
These Rule amendments become effective on Oct 1, 2024 and are part of a larger Risk Management package intended to reduce the incidence of successful fraud attempts and improve the recovery of funds after frauds have …