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If you are like the rest of us, both your home and professional lives may have experienced some jolts due to the ongoing pandemic. And the payments industry has not been immune either. As business conditions continue to change, now is the perfect time for …
Discussing the effects of the COVID-19 pandemic on payments The Payments Innovation Alliance successfully held its first-ever Pop-Up Meeting in August. And in keeping with the interesting times we are now living in, it was – of course – all virtual. More …
HERNDON, Va., March 19, 2020 – Nacha’s Afinis Interoperability Standards membership organization announced today it has partnered with XMLdation to enable its stakeholders to leverage the Finland-based company’s testing capabilities within Afinis’ …
Nacha to Recognize Over 360 Accredited Payments Risk Professionals During National APRP Recognition Day on Sept. 15
HERNDON, Va., Sept. 15, 2020 – In honor of National APRP Recognition Day, which is commemorated annually on the third Tuesday of September, Nacha will recognize over 360 Accredited Payments Risk Professionals. The APRP exam tests for comprehensive risk …
Afinis Interoperability Standards Adds 17 New Member Organizations to Further Enhance Focus on the Rapid Delivery of APIs
HERNDON, Va. , July 13, 2020 – Nacha’s Afinis Interoperability Standards membership organization, which focuses on the rapid delivery of APIs and other financial services standards across the U.S. and globally, announced today it has added 17 new member …
Nacha has recently become aware of an increasing number of fraudulent transactions being made over the ACH Network using the Telephone-Initiated Entry (TEL) application. The TEL application became effective in September 2001 as a means to provide a more …
On March 15, 2002 Nacha Operating Rules became effective for Accounts Receivable Entries (ARC). Under the ARC rules, a consumer check remitted to an accounts receivable location, such as a lockbox or dropbox, can be converted into an ACH debit when prior …
In the aftermath of Hurricane Katrina, financial institutions are likely to receive numerous inquiries from their account holders regarding the processing of ACH debit entries to their accounts. It is anticipated that many of these questions may relate to …
In 2000, Nacha implemented a set of rules and formatting requirements related to Point-of- Purchase (POP) entries – transactions designed specifically for use by Originators as a means to convert, at the point of purchase, a consumer’s check to an ACH …