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If you are like the rest of us, both your home and professional lives may have experienced some jolts due to the ongoing pandemic. And the payments industry has not been immune either. As business conditions continue to change, now is the perfect time for …
That didn’t take long at all. The ACH Contact Registry opened for business on July 1, and within a matter of days there were success stories to tell. Like when Eric Wester at UMACHA got a call from a member needing help with a missing payroll credit. …
HERNDON, Va. , May 26, 2021 – As the COVID-19 pandemic begins to subside, healthcare claim payments are on the rise. Figures from Nacha, which governs the ACH Network, show nearly 37.4 million healthcare claim payments were made to providers by ACH in …
Data security is essential to the ACH Network, and Nacha takes any and all data breaches seriously. We rely on your prompt reporting of any such breaches in order to monitor Network trends and weaknesses. If your financial institution has experienced a …
With just a few simple steps, your organization can start collecting donations with electronic bank transfers. Below are some resources to help you get the necessary information from donors, and we have provided sample scripts and social media posts to …
In a matter of days, Phase 2 of the Nacha Micro-Entries Rule takes effect. Starting March 17, 2023, Originators of Micro-Entries will have to use commercially reasonable fraud detection. “At a minimum that includes monitoring forward and return volumes …
HERNDON, Virginia, Nov.8, 2022 – Socure is now a Nacha Preferred Partner for Compliance/Risk and Fraud Prevention. In becoming a Preferred Partner, Socure joins a select group of innovators recognized for offering products and services that align with …
Nacha believes that risk management is central to maintaining a high-quality ACH Network that relies on the trust of each participant. Financial Institutions’ obligations include conducting a risk assessment and implementing a risk management program …
A recent Nacha blog article suggested that a checklist approach to payment initiation could help Originators comply with rules and regulations, avoid errors, and reduce fraud. Nacha’s Risk Management Advisory Group (RMAG) believes a similar approach might …