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October 2, 2020
Nacha has approved eight new amendments to the Nacha Operating Rules governing the use of ACH payments. Many of the changes reflect a long-term strategy to modernize the ACH system, both through infrastructure improvements such as Same Day ACH; and making ACH payments easier to use for the country’…
ACH, ACH Network, NACHA Operating Rules, Risk & Compliance, Risk Management
June 29, 2020
Founded in 1989, Lyons Commercial Data, a division of Autoscribe Corporation, is a premier provider of quality U.S. financial institution data including bank routing numbers and other information critical to transaction processing.
Lyons Commercial Data helps processors, financial institutions,…
Products and Solutions, Standards & Regulations
March 9, 2020
ACH Operations Bulletin #2-2020: Nacha Issues Reminder on ACH Responsibilities to Financial institutions Potentially Impacted by Coronavirus
EXECUTIVE SUMMARY
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.
DISCUSSION
In light of the potential impact of…
ACH, ACH Network, ACH Operations, NACHA Operating Rules, Operations Bulletin
March 3, 2020
When you need a hand from someone at another financial institution, finding that someone can be daunting. But things are about to change.
A new Rule creates the ACH Contact Registry, which opens July 1, 2020. It’s going to make locating the right person a whole lot easier.
“In today’s…
ACH Network, ACH Operations, NACHA Operating Rules
February 19, 2020
Nacha is requesting industry feedback on a set of Rules proposals and other concepts collectively referred to as “Meaningful Modernization.” The deadline has now been extended to May 1, 2020. Learn more about it on our Rules page.
ACH, ACH Network, ACH Operations, NACHA Operating Rules
February 11, 2020
Nacha to Recognize Nearly 300 New Recipients of the Accredited ACH Professional Credential During National AAP Recognition Day on Feb. 11
HERNDON, Va., Feb. 11, 2020 – In honor of National AAP Recognition Day, Nacha will recognize 292 newly credentialed Accredited ACH Professionals who passed the 2019 AAP exam, as well as more than 4,600 professionals who currently hold the credential.
To become an AAP, individuals must pass a…
Accreditation
February 5, 2020
This time, it’s not optional.
On July 1, 2020, the ACH Contact Registry opens for business. Unlike the existing voluntary contact database, participation is mandatory. A new Nacha Operating Rule requires all financial institutions using the ACH Network to register contacts for ACH…
ACH, ACH Network, ACH Operations, NACHA Operating Rules
January 8, 2020
Like 8-track tapes and white disco suits, Appendix 8 of the Nacha Operating Rules has faded into history. Many were using it as a guide for ACH audits, which Nacha acknowledged in the title of its recent webinar, “Curing the Appendicitis After Removing Appendix 8.” But as the webinar showed, there’…
NACHA Operating Rules
December 4, 2019
New year, new Nacha Operating Rules.
With four imminent Rules changes, now’s the time to get ready, which is why Nacha hosted the Dec. 3 webinar “2020 Nacha Operating Rules: Preparing for the New Rules.”
The first change arrives March 20, 2020, when the dollar limit for each Same Day…
ACH, ACH Network, ACH Operations, NACHA Operating Rules
September 17, 2019
Nacha to Recognize Over 360 New Accredited Payments Risk Professionals During the First-Ever National APRP Recognition Day on Sept. 17
HERNDON, Va., Sept. 17, 2019 – In honor of the first-ever National APRP Recognition Day, which will be commemorated annually on the third Tuesday of September, Nacha will recognize over 360 credentialed Accredited Payments Risk Professionals. The total includes professionals who passed the APRP…
Accreditation, ACH, Non-ACH Payments (i.e. wires, credit/debit cards, etc.), Risk Management