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It’s called the ACH Contact Registry, but it’s being used for a whole lot more. Under the Nacha Rules, financial institutions must enter staff or departmental contacts for ACH operations and fraud/risk management. But there’s the option to list contacts …
For more than a year, Nacha and the Payment Associations have been urging financial institutions large and small to fulfill their obligations and enter required information in the ACH Contact Registry. Nacha made clear that after an extended grace period, …
Is Your Financial Institution’s Information Current in the ACH Contact Registry? Now’s the Time to Make Certain
One day you might need the help that the ACH Contact Registry was created to provide. But imagine how you’ll feel if the listing doesn’t provide the assistance it’s supposed to. That’s been an issue for some ACH Contact Registry users who have reached out …
Spring cleaning shouldn’t be limited to the basement and garage. When was the last time you checked your bank or credit union’s entries in the ACH Contact Registry? Now is a good time to go in and look at the contacts you have listed. “Changes to staff …
Financial Institutions have been listing ACH contacts in Nacha’s ACH Contact Registry since the platform went live in July 2020. Most banks and credit unions are entering quality data that meets the requirements under the Nacha Operating Rules. That means …
Regulation E and the Nacha Operating Rules each have a 60-day period that applies to unauthorized payments. But in complying with both Reg E and the Nacha Rules, understanding the differences in these periods is important. Regulation E specifies how and …
Same Day ACH Volume Climbs 90.7%, Passes 1 Billion Milestone Note: The Same Day ACH numbers were updated Aug. 30, 2021, to reflect additional volume identified by an Operator. The modern ACH Network saw volume soar in the first quarter of 2021, setting …
Supplementing Fraud Detection Standards for WEB Debits As the ACH Network grows, part of that growth can be attributed to an increase in consumer payments made via the internet and mobile devices. With that growth comes a need to ensure account …
ACH Network Volume Up 7.7% in Third Quarter; Strong B2B Growth Continues as Healthcare Claims Pass 100M Mark
Contact: Media Relations With business-to-business (B2B) showing particularly strong growth, and healthcare claim payments setting a record, the modern ACH Network recorded a 7.7% increase in payment volume during the third quarter of 2021. There were …