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While ACH is as easy as ABC in the payments world, not everyone knows about the benefits of using electronic payments. That’s where Nacha’s Industry Verticals team comes in. “Mention Direct Deposit and the light bulb comes on, but ACH is a whole lot more, …
Your dentist likely isn’t shy about telling you to floss more. And Nacha’s latest campaign with the American Dental Association (ADA) isn’t shy about encouraging dentists to switch to fully electronic claim payments. “Dental practices are leaving a lot of …
When you need a hand from someone at another financial institution, finding that someone can be daunting. But things are about to change. A new Rule creates the ACH Contact Registry, which opens July 1, 2020. It’s going to make locating the right person …
NASHVILLE, Tennessee —The financial industry looks a lot different than when the Federal Reserve opened for business in 1914, and changes keep coming. That has the Fed rethinking some of the ways it operates. “Like many of you we’re watching the payments …
With one new Nacha Rule just taking effect last month and two others right behind in September, Nacha has a wealth of new and refreshed materials to help you along. On June 30, Phase Two of Supplementing Data Security Requirements took effect, expanding …
In a matter of days, Phase 2 of the Nacha Micro-Entries Rule takes effect. Starting March 17, 2023, Originators of Micro-Entries will have to use commercially reasonable fraud detection. “At a minimum that includes monitoring forward and return volumes …
Top Ways the ACH Network Can Help Consumers, Businesses and Government During the National Emergency
During the current national emergency, the ACH Network is operating normally to process payments for consumers, businesses, and government agencies. There are many impacts to daily life and business operations due to the practice of social distancing and …
ACH Operations Bulletin #3-2019: Amount of Unauthorized Entry Fee Will Remain the Same Through September 2022
EXECUTIVE SUMMARY The rule establishing the current Unauthorized Entry Fee provides that the amount will be re-evaluated every three years, with the initial 3-year period ending on September 30, 2019. The amount of the Unauthorized Entry Fee will remain …
Without a doubt, becoming an AAP is great for career growth, but Brenda Eckert, AAP, sees even more importance in achieving the accreditation. “At Wells Fargo we have a strong focus on the AAP. We feel there is so much value in helping our customers and …