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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 …
What if you enter a highway but before you get to the first toll booth the clock strikes midnight and the rates increase? Which toll would you pay: the one in effect when you got on, or the one in effect when you reach the booth? A very similar question …
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 …
If it’s been a while since you visited Nacha’s Resource Center for Corporates you should take a look. There’s a lot there you and your customers can use. At the top you’ll immediately spot two new videos, one on how the Nacha Operating Rules are made and …
A new Nacha Rule that’s been in effect for just over a year is proving to be quite successful. The rule repurposed an existing, little-used return reason code—R11—to be used when an RDFI’s customer claims that there was an error with an otherwise …
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 …
On June 30, Nacha will implement three new rules: Supplementing Data Security: The existing ACH Security Framework Rule -- including its data protection requirements -- will be supplemented to explicitly require large, non-FI Originators, Third-Party …
You’ve got questions. We’ve got answers. Lots of answers. Four new Nacha Operating Rules take effect later this year, and your preparations should be underway. But questions are inevitable and Nacha is here to help. On June 30, 2021, three of the new …
Supplementing Fraud Detection Standards for WEB Debits As the ACH Network grows, part of that growth can be attributed to an increase in consumer payments made via the internet and mobile devices. With that growth comes a need to ensure account …