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Nacha is requesting industry feedback on a set of Rules proposals and other concepts collectively referred to as “Meaningful Modernization.” The deadline has now been extended to May 1, 2020. Learn more about it on our Rules page …
Nacha is requesting comment on a proposal to increase the dollar limit for Same Day ACH payments. Complete details, including the Rules Proposal Description, the Modifications to the Rules, the link to comment, and more can be found here . We also invite …
New Year’s Day 2021 brings with it a change to the Nacha Operating Rules. If you haven’t already, the time to familiarize yourself is now. The new Rule defines an “egregious violation” as a willful or reckless action by a Financial Institution, …
Did you finally clear out your inbox from Giving Tuesday? Congratulations. And if you helped a cause or two that’s near and dear to your heart, good on you! But now’s a great time to take the next step and help those charitable organizations make the …
Editor’s Note: This is the second in a two-part series on an upcoming enhancement to Same Day ACH. On March 20, 2020, the dollar amount limit per payment increases from $25,000 to $100,000. Today we look at what Originating Depository Financial …
Direct Deposit rules on payday. But you don’t have to take our word for it. The American Payroll Association’s annual “Getting Paid In America” survey backs that up. On the question of “How do you receive your pay?” the results were lopsided: 93% of …
Nacha recently made a significant rule change to further enhance Same Day ACH , its own faster payments solution. Now, the per-payment dollar limit for same-day payments is now $100,000, up from $25,000. In a recent podcast interview with …
Property management is a big business that handles a lot of money, with managers collecting rents from tenants and then forwarding the funds to owners. As payments increasingly move online and away from paper checks, a fair share of those funds flow …
Part 1 of 4 ( Part 2 , Part 3 , Part 4 ) Earlier this year, the Nacha Risk Management Advisory Group (RMAG) met to expand upon a previous RMAG initiative on the topic of risk and exposure management. This is the first in a series of articles in which …