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The New Nacha Rules: New Fraud Compliance Responsibilities for All Organizations Sending ACH Payments
In September 2022, Nacha released a Risk Management Framework to address fraud across the ACH Network. Building on that work, Nacha, in collaboration with industry participants, introduced new rules in March 2024, aimed at reducing fraud, and assigning …
On Monday, Nov. 10, Nacha announced it is seeking public comments on the proposed change to the Nacha Operating Rules that would increase the per-transaction dollar limit for Same Day ACH payments from $1 million to $10 million. Corporate end users are …
Do you work for a financial institution serving corporate clients that make high-value, time-sensitive payments? Are you part of a business, nonprofit, or government agency that regularly sends payments over $1 million? Or are you a third party or …
In 2024, ACH payments moved $86.2 trillion across the U.S. financial system. Yet, despite this scale, many financial institutions still rely on manual, paper-based, or rules-driven processes that have been in place for decades. This challenge, coupled …
As a senior consultant within Nacha’s consulting group, I observe that one critical area of non-compliance with the Nacha Rules is related to ACH authorizations. ACH authorizations are the foundation under which Entries may be transmitted through the ACH …
A recently approved change to the Nacha Rules will accelerate funds available for some ACH credits. Under the existing Rules governing standard ACH payments, if a Receiving Depository Financial Institution (RDFI) receives files from an ACH Operator by 5 …
Nacha has for many years advocated that dental and medical practices receive claim payments by ACH and avoid virtual credit cards (VCCs) and paper checks. Dental practices, however, all too often found insurance companies coaxing them to take claim …
The vast majority of cryptocurrency companies and platforms are increasingly interested in ACH. While at first glance it might not seem like a natural pairing, the synergy comes into focus for one prime reason: ACH gives a competitive edge. Nacha …
Business-to-business check payments have plummeted over the past two decades, new research shows. In 2004, 81% of B2B payments involved paper checks, according to that year’s Association for Financial Professionals (AFP) Digital Payments Survey. Fast …