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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 …
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 …
Financial Institutions have been listing ACH contacts in Nacha’s ACH Contact Registry since the platform went live in July 2020. Most banks and credit unions are entering quality data that meets the requirements under the Nacha Operating Rules. That means …
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 …
Regulation E and the Nacha Operating Rules each have a 60-day period that applies to unauthorized payments. But in complying with both Reg E and the Nacha Rules, understanding the differences in these periods is important. Regulation E specifies how and …
The last year and a half was turbulent, but through it all the ACH Network delivered for Americans when they needed it most, while also preparing for a strong future, Nacha President and CEO Jane Larimer said. “The ACH Network demonstrated its role as a …
Afinis Interoperability Standards Releases New APIs to Help Businesses with Cash Management Decisions
Contact: Media Relations Adopting the new application programming interfaces will help corporate banking customers better access detailed financial data across banking platforms Nacha’s Afinis Interoperability Standards announced today it has released …
Phixius, Nacha’s Platform to Enable the Sharing of Payment-Related Information, Adds Three Participants So Far in 2021
New Participants Extend Reach to Hundreds of Businesses HERNDON, Va ., May 20, 2021 – Nacha announces Phixius, a platform that facilitates the trusted exchange of payment-related information, has onboarded three participants so far in 2021. The new …
Few things are certain in life, but an upcoming change to the Nacha Operating Rules should make the timing of warranty claims more certain, especially for businesses and other organizations that originate ACH payments. A new Limitation on Warranty Claims …