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    • What is ACH
      What is ACH and how does it affect your life? Here’s what you need to know.
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21 results related to "direct access"
March 9, 2023
Phixius: Moving the Exchange of Payments Information to the Next Level
… both senders and receivers rely on. Participants connected directly to the Phixius platform are called Credentialed … All CSPs are vetted, and each connects to Phixius directly to exchange information with one another. Nothing is stored in or accessed from the cloud because Phixius does not require the …
March 9, 2023
In the Fight Against Fraud, Nacha’s RMAG Urges Information Sharing
… privacy as required by law.  Jordan Bennett, Nacha Senior Director, ACH Network Risk Management, said RMAG would like … Brian W. Jones, General Counsel at Merrick Bank, a Nacha Direct Member headquartered in South Jordan, Utah, noted … them to share their banking credentials. The fraudster accesses the consumer’s account, uses bill pay to initiate …
March 9, 2023
Taking a Look ‘Under the Hood’ of Same Day ACH
… Smith, Vice President at The Clearing House and Executive Director of The Clearing House Payments Authority, to share … were more focused on making same day origination available directly to their outside Originators,” said Smith. She also … response was greater awareness of Same Day ACH benefits and access among corporate users,” cited by nearly two-thirds of …
March 9, 2023
Enhanced Customer Service, Cross-Border Payments Among Fed’s Priorities
… region,” said Venable.  Susan Foley, Senior Associate Director, Program Direction, at the Board of Governors of the Federal Reserve … was narrowed to “19 building blocks that cover things like access, liquidity issues, data capabilities,” 16 of which …
March 6, 2023
RMAG Guidance on ODFI Credit-Push Fraud Response Checklists
… to do so). Determine need to update customer credentials or access channels. Encourage originator to perform remediation (virus scans, security audit). Direct originator to educational resources. Populate …
September 20, 2022
Direct Deposit Delivers Campaign: Resources to Share
… Direct Deposit is one of those things that’s easy to take … of some 29,000 consumers found that 93% of workers rely on Direct Deposit. As an employer or employee, you may have … providing our employees with safe, consistent and reliable access to their pay. directdepositdelivers.org   For …
July 15, 2022
Top Ways the ACH Network Can Help Consumers, Businesses and Government During the National Emergency
… agencies during this difficult time. 1. Getting Paid by Direct Deposit Employees can get their salary and wage payments directly into their bank accounts, even when working … checks as for payroll payments. Recipients will have faster access to funds without having to deposit a paper check. …
July 15, 2022
The ACH Network is Delivering Emergency Assistance on Time
… and sizes have delivered the initial round of 81 million Direct Deposits, totaling perhaps $150 billion or more, to … emergency grants and loans; and unemployment benefits by Direct Deposit for those needing it. Unfortunately, there … first file was transmitted on Friday to when Americans had access to the money on Wednesday—it was still with the …
July 14, 2022
Nacha Creates Voluntary Formatting Standard to Help ID Questionable Payroll Credits
… Payroll impersonation and redirection fraud is a fact of life today, but there’s a new … are out of the ordinary,” said Jordan Bennett, Nacha Senior Director, Network Risk Management. “By creating a standard … of an employee’s payroll credentials. The bad guys then access that employee’s payroll account, changing the bank …

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