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22 results related to "Account Validation"
March 9, 2023
If it’s Under $1 is it Automatically a Micro-Entry?
… answer hinges on two very important words in the new Rule: account validation,” said Debbie Barr, Nacha Senior Director, ACH … ACH debits, used for the purpose of verifying a Receiver’s account.  “That means that in the two examples cited here, …
November 1, 2024
Go Team ACH! Key Takeaways from Nacha's Presence at AFP 2024
… include donations, subscriptions, dues, services and account transfers. In this session we also covered the "ACH … assistance with fraud detection and prevention, and better account validation. A final gold nugget from this session was …
March 3, 2023
Supplementing Fraud Detection Standards for WEB Debits
… The WEB Debit Account Validation Rule became effective March 19, 2021. The rule … possible. Resources Additional resources and information on account validation are available through the Account …
March 9, 2023
Repurposed R11 Code Gets Put to Good Use in its First Year
… (April 2020 – April 2021). In the first month R11 returns accounted for 8% of the total R10/R11 return volume.  As …
May 28, 2024
Reminder: IRS and State Tax Refund Return Opt-In Programs Open 12 Months a Year
… related to suspicious refunds, including taxpayer name or account. After researching the lead, the agency will work … related to suspicious refunds, including taxpayer name or account. After researching the lead, the agency will work … suspicious ACH credits to tax agencies, such as R03-No Account/Unable to Locate Account or R23-Credit Entry Refused …
October 2, 2023
Proof of Authorization Complaints Keeping System of Fines Busy
… the name on the authorization doesn’t match a name of an account holder of the account being debited. The RDFI then disputes this as an …
March 9, 2023
New Routing Numbers Impacting ACH Processing
… directories, which are used to validate ACH routing and account numbers prior to ACH origination. Numerous ACH … by banks and processors, because their routing number validation tables are not current.   This particularly … example, when a consumer provides a new routing number (and account) for a bill payment that is not recognized, the …
March 9, 2023
New Nacha Rules: The Year in Review and the Year Ahead
… supplemented this requirement by making it explicit that “account validation” is part of a “commercially reasonable fraudulent … Providers and Third-Party Senders to protect deposit account information by rendering it unreadable when it is …
March 9, 2023
New Nacha Rule on Micro-Entries Adopted
… happen in the ACH Network and they’re a good tool for account validation. But they were not defined within our Rules. So, … that the industry has had in place which helps with account validation,” said Debbie Barr, AAP, CTP, Nacha …

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