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August 31, 2021
It seems like the bad guys work night and day concocting new ways to separate people and businesses from their money. But when it comes to cybercrime, one scam tops the list: Business Email Compromise (BEC).
“That accounts for over $1.8 billion in loss” in 2020, said FBI Special Agent Brian…
Risk Management
August 6, 2021
Afinis Interoperability Standards said it has released three new APIs to assist corporate customers of financial institutions with accessing and reviewing their own financial transaction data to better help them with cash management analysis and informed decision-making.
Afinis is a membership-…
APIs
July 12, 2021
Any database is only as good as the information it contains, and the ACH Contact Registry is no exception.
Although enforcement of the Registry Rule doesn’t begin until Aug. 1, Nacha is already making spot-checks for data quality.
The Rule requires that phone numbers and email addresses…
Risk Management
June 29, 2021
Even before the first phase of Same Day ACH was implemented nearly five years ago in September 2016, Nacha’s Risk Management Advisory Group (RMAG) had been evaluating potential risk increases and decreases due to Same Day ACH. Were the doom and gloom scenarios justified, in which Same Day ACH would…
Same Day ACH, Risk Management
May 13, 2021
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 to Nacha.
“We have heard about cases…
Risk Management, ACH
April 13, 2021
The Rule creating the ACH Contact Registry was approved more than a year ago, and in that time Nacha has been proactively making financial institutions aware of the requirement to register—first that it was on the way, and later when the Registry opened on July 1, 2020.
More than 34,000…
Risk Management
March 18, 2021
Afinis Interoperability Standards membership organization, which focuses on the rapid delivery of APIs and other financial services standards across the U.S. and globally, welcomes two new member organizations: Credit Union Financial Exchange and Moov.
Current Afinis membership stands at nearly…
APIs
December 21, 2020
In your list of new year’s resolutions, how about one to add your information to the ACH Contact Registry?
If you already did, thank you! In fact, at the close of 2020, more than 32,000 contacts had been registered by financial institutions across the country. Nacha is thankful to those who have…
Risk Management
December 18, 2020
These days, most of what businesses and individuals do on the web involves interacting with APIs, or application programming interfaces, which are an essential pillar of many of the online services we have come to rely on.
In the payments and financial services industry, the interoperability of…
APIs
October 26, 2020
Nacha’s Afinis Interoperability Standards will hold a virtual planning meeting on Wednesday, Oct. 28 from 3:00 to 5:00 p.m. ET via GoToMeeting. This will be a working meeting utilizing agile program increment planning to determine the steps for the next Afinis sprints.
Afinis is a…
APIs