Search
Displaying 1 - 10 of over 52 results for "*"
September 18, 2020
When COVID-19 forced much of the world into lockdown it was unchartered territory for many, including Nacha Elevation Consulting. As it turns out, we’ve been busy in recent months, and noticed a common thread among our clients: they want anything tied to payments to be moved to all digital.…
ACH, ACH Network, ACH Operations, Non-ACH Payments (i.e. wires, credit/debit cards, etc.), Products and Solutions
September 15, 2020
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 management knowledge across all payment…
Certifications, Risk Management
June 9, 2020
Part 4 of 4 (Part 1, Part 2, Part 3)
Earlier this year, the Nacha Risk Management Advisory Group (RMAG) met to expand a previous RMAG initiative on the topic of risk and exposure management. This is the fourth and final article in a series of articles in which RMAG provides sound…
ACH, ACH Network, ACH Operations
May 26, 2020
Part 2 of 4 (Part 1, Part 3, Part 4)
Earlier this year, the Nacha Risk Management Advisory Group (RMAG) met to expand upon a previous RMAG initiative on the topic of risk and exposure management. This is the second in a series of articles in which RMAG provides sound business…
ACH, ACH Network, ACH Operations, Risk Management
May 19, 2020
Part 1 of 4 (Part 2, Part 3, Part 4)
Earlier this year, the Nacha Risk Management Advisory Group (RMAG) met to expand upon a previous RMAG initiative on the topic of risk and exposure management. This is the first in a series of articles in which RMAG provides sound business practices on…
ACH, ACH Network, ACH Operations, Risk Management
April 2, 2020
Businesses that originate pre-authorized ACH debits for services that have been interrupted may face an elevated risk of returns. This could be due to consumers who: 1) lack funds (i.e., NSF); 2) place stop payment orders with their own banks or credit unions; or 3) make claims that debits are…
ACH, ACH Network, ACH Operations, Operations Bulletin
March 26, 2020
ACH Operations Bulletin #4-2020: Nacha Extends Effective Dates of Data Security Rule; Affirms Effective Dates of Other Rules
Executive Summary
The upcoming effective dates of the Rule on Supplementing Data Security Requirements are extended by one year, to June 30, 2021 and June 30, 2022, respectively. The effective dates of other approved and upcoming Rules remain in effect.
Discussion
Supplementing Data…
ACH, ACH Network, ACH Operations, Operations Bulletin
March 20, 2020
ACH Operations Bulletin #3-2020: Nacha Provides Relief from Deadlines Related to Certain Required Records
In light of the current need for organizations to reduce on-site staffing levels, Nacha is providing temporary relief from deadlines for delivery of certain records that are required under the Nacha Rules.
Under the Rules, an ODFI must provide an RDFI with proof of a Receiver’s authorization (…
ACH, ACH Network, ACH Operations, Operations Bulletin
March 10, 2020
On March 9, Nacha issued an Operations Bulletin reminding financial institutions of the importance of reviewing their business continuity plans to ensure that they are prepared to maintain ACH payment processing capabilities in the event of possible workforce disruptions due to the coronavirus…
ACH, ACH Network, ACH Operations
March 9, 2020
ACH Operations Bulletin #2-2020: Nacha Issues Reminder Regarding ACH Responsibilities to Financial Institutions Potentially Impacted by Coronavirus
In light of the potential impact of coronavirus, Nacha reminds financial institutions of the importance of reviewing their business continuity plans to ensure that they are prepared to maintain ACH payment processing capabilities in the event of possible disruptions. In addition to their own…
ACH, ACH Network, ACH Operations