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Nacha’s Risk Retreat is not your typical learning experience. “This is a time to be involved in interactive learning. Through immersive, hands-on tabletop exercises, you'll not only learn how to identify and mitigate risk, but also build the confidence …
NEW ORLEANS —If ever there was a case where misery loves company, it’s fraud. “Fraud is a global issue. I think we all know it’s not just a domestic one in payments,” said Jane Larimer, Nacha President and CEO. “I know that if I asked payments …
NEW ORLEANS —Jordan Bennett was working at the Federal Reserve when Hurricane Katrina slammed the Gulf Coast, and he remembers banks needing their ACH files as lines of communication were cut. “We had to figure out on the fly how we were going to do it. …
NEW ORLEANS —It’s bad enough when anyone falls victim to credit-push fraud, but some cases really make Tim Thorson’s blood boil. “Credit-push fraud can take a small business down. I’ve seen it happen,” said Thorson, Senior Vice President, Digital …
It’s a figure even the FBI called “staggering”: The losses reported to its Internet Crime Complaint Center (IC3) in 2024 totaled $16.6 billion, the bulk of which came from fraud. And among those frauds, business email compromise (BEC) remained a pervasive …
Even as business-to-business payments continue increasing on the ACH Network, a new survey finds the number of organizations using checks actually climbed last year, leaving experts wondering if there’s been a serious misunderstanding. “Ninety-one percent …
The Nacha Rules require financial institutions to establish, implement, and periodically review exposure limits for their Third-Party Sender (TPS) customers and for their Originator customers. Third-Party Senders are also required to do the same for their …
As we forge our path into 2025, it can be helpful to take a moment to reflect on recent developments and also consider new, emerging trends. For this edition of Notes from the Field, we are focusing on two main topics: AI and Nacha Rules updates. AI is …
The Nacha Rules require financial institutions and Third-Party Senders (TPSs) to conduct Rules Compliance Audits and risk assessments of their ACH activities. The Rules also state an ODFI is responsible for all Entries originated through the ODFI, whether …