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When Nacha says “Direct Deposit Delivers” we mean it. A new paper from the federal government helps back that up. Researchers from the Treasury Department, IRS and U.S. Census Bureau took a detailed look at who received funds, and when, from the first …
Part 3 of 4 ( Part 1 , Part 2 , 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 third in a series of articles in which …
LAS VEGAS —Keeping up with the Joneses can be a good thing, if the Joneses are doing all they can to prevent fraud. “It is important to figure out what the businesses around you are doing,” said Jeanette Hait Blanco, Nacha General Counsel. “The …
Two recent reports spotlight the fact that fraudsters remain hard at work, and that vigilance remains an absolute must. First, the FBI’s 2022 Internet Crime Report , released this year, shows business email compromise (BEC) “has evolved from simple …
Nacha is requesting industry comment on nine proposals to amend the Nacha Rules. These proposals concern risk management and are substantially oriented towards reducing the incidence of successful fraud and improving the recovery of funds within the ACH …
(L-R) Michael Herd, Nell Campbell-Drake, Jason Carone. LAS VEGAS —With Same Day ACH seeing momentous growth—including first quarter 2023 volume and value increases of 20.7% and 94.7% respectively—the question is what’s next. Some potential answers were on …
LAS VEGAS —There are numerous frauds today putting your institution and its customers at risk. It’s a long list, and participants at Smarter Faster Payments 2023 heard from someone who knows only too well: Detective Jefferson Grace of the Las Vegas …
March 2023 marked the 5-year anniversary of the effective date of Phase 3 of the original Same Day ACH rules. Those rules provide for a review of the amount of the Same Day ACH fee as of this 5-year date. The original projection of cumulative Same Day ACH …
When Nacha says the modern ACH Network is thriving, we always have figures to back that up. The Federal Reserve recently gave us some additional evidence of just how accurate that statement is. In the initial findings from its 2022 triennial payments …