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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 …
Editor’s note: This article is part of a series of blog posts to help you put ACH to work in your organization. The previous post was, “ Unlike Algebra, Businesses Need to Know About ACH Payments .” Remember the “Jetsons” cartoon when George Jetson took …
HERNDON, Virginia , Nov 14, 2022 – Following the increase of the Same Day ACH dollar limit to $1 million in March 2022, Nacha and the ACH Operators - the Federal Reserve and The Clearing House - have completed the latest phase in the acceleration of ACH …
APRPs have mastered the complexities of risk management for ACH, check, wire, debit, credit and prepaid cards, and emerging and alternative payments. … The annual test window for the APRP exam begins in August. Check out the latest information on …
Any professional in the payments industry can work toward accreditation. If you have worked in ACH for years, you will add a highly respected qualification to your resume. If you are relatively new to the field, you will give yourself an edge over the …
Payments fraud “remains rare” in the U.S., with ACH payments having the lowest fraud rate by value, a new Federal Reserve study found. “Changes in U.S. Payments Fraud from 2012 to 2016: Evidence from the Federal Reserve Payments Study,” released late in …
EXECUTIVE SUMMARY The March 19, 2021 effective date for the new Same Day ACH processing window is confirmed. DISCUSSION Nacha Rules Ballot #1-2018, Expanding Access to Same Day ACH, provided for the creation of a third, daily Same Day ACH processing …
HERNDON, Va. , Feb. 3, 2020 – The ACH Network saw a remarkable year in 2019 as the annual growth rate reached a 12-year high. There were 24.7 billion payments on the ACH Network, an increase of 7.7% over 2018. The value of those payments was $55.8 …
Same Day ACH Volume Surpasses 1 Million Payments Daily HERNDON, Va., Oct. 15, 2019 – ACH Network payment volume and Same Day ACH payment volume both soared in the third quarter of 2019. The 6.2 billion ACH payments in the third quarter is an increase of …