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The Nacha Rules require an RDFI to accept a consumer’s Written Statement of Unauthorized Debit (WSUD), and also require that the WSUD be signed or similarly authenticated. In light of the current need for many RDFIs to reduce on-site staffing levels, and …
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. …
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 …
MEETING AND REGISTRATION DETAILS Alliance members and guests will meet virtually for our winter member meeting! Our Advisory Committees are busy developing an incredible agenda for you. Below is the registration link and the preliminary schedule. Please …
Direct Deposit is one of those things that’s easy to take for granted. Yet, like clockwork, it delivers employees' pay as well as Social Security and veterans’ benefits. To help consumers better understand how it’s used every day, Nacha recently launched …
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 …
In a recent interview with PaymentsJournal, Nacha’s Jane Larimer discusses how the ACH Network delivered stimulus payments on time. As part of the CARES Act, by the end of August, the government had distributed $270 billion in funds in stimulus …
Same Day ACH Volume Grew 192 Percent Over Same Period Last Year HERNDON, Va. , Nov. 1, 2018 – The number of ACH payments totaled more than 5.6 billion in the third quarter of 2018, a 6.7 percent increase over Q3 2017, according to Nacha. The ACH Network’s …
Business Email Compromise is a major concern today, but it appears that the recent enhancement to Same Day ACH has not resulted in any increase in criminal activity, an informal Nacha survey found. The Same Day ACH per-payment dollar limit quadrupled to …