Displaying 1 - 10 of over 338 results for "*"
August 5, 2022
Increasing the Same Day ACH dollar limit to $1 million per payment posed no greater fraud risk than the prior $100,000 threshold, a new survey by Nacha’s Risk Management Advisory Group (RMAG) found.
RMAG reviewed the proposal before it took effect in March, weighing potential risks and…
ACH, Risk Management, Same Day ACH
August 2, 2022
You asked. We listened. Enhancements made!
The next time you visit Nacha’s Risk Management Portal you’ll find several changes which are the direct results of industry input.
It starts right at the login page. If you get an error message it now includes an explanation that your Portal…
ACH, Risk Management
August 2, 2022
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, and there’s a great deal of education to…
ACH
August 2, 2022
HERNDON, Virginia, Aug. 2, 2022 – The ACH Network moved 7.5 billion payments in the second quarter of 2022, led by growth in Same Day ACH and business-to-business (B2B) payments.
This quarter was the first in which the Same Day ACH dollar limit was $1 million per payment, following the increase…
ACH, Same Day ACH
July 11, 2022
When the pandemic hit, and the campus emptied, the University of Kentucky turned to Same Day ACH to replace the checks they issued to correct payday issues. Folks are now back at the school, and Same Day ACH is there to stay. Read about how the University successfully made the switch in our latest…
ACH, Same Day ACH
July 7, 2022
ACH Operations Bulletin #1-2022: COVID-Related Relief from Certain Nacha Operating Rule Provisions Will Expire on October 1, 2022
Summary
In 2020, Nacha provided relief from certain provisions of the Nacha Operating Rules
due to impacts of the Coronavirus pandemic. This relief generally took the form of a
policy of non-enforcement of these provisions and the effective dates of some new
rules.(1) Nacha has determined to…
ACH, Operations Bulletin
July 6, 2022
A customer overpays by 22 cents, and you refund it by ACH. Is that a Micro-Entry? How about if a customer pays a 93-cent bill by ACH. Is that a Micro-Entry? Are these transactions subject to the new Nacha Micro-Entry Rule taking effect Sept. 16?
“Not every payment under $1 is a Micro-Entry. The…
ACH
June 13, 2022
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 the coverage of the requirement that…
ACH, Nacha Operating Rules
June 1, 2022
ACH end users have consistently and constantly asked for higher dollar limits for Same Day ACH payments. In March 2020, the original limit of $25,000 was raised to $100,000. Then, two years later in March 2022, the limit was increased again to $1 million per payment. Let’s look at the impact this…
ACH, Same Day ACH
May 23, 2022
NASHVILLE, Tennessee—Could FedNow pave the way for more ACH settlement windows?
A major stumbling block to expanding ACH hours is that the Federal Reserve’s National Settlement Service (NSS) for interbank settlement closes at the end of the business day (on Eastern Time), as well as on weekends…
ACH, Faster Payments