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Fraud prevention should be top of mind for all financial institutions. New Nacha Rules taking effect soon are intended to reduce the incidence of successful fraud attempts and improve the recovery of funds after frauds have occurred. And a new feature in …
New Rules to Reduce Successful Fraud Attempts and Assist Fund Recovery Now in Effect. Here’s What they Mean for Your FI
Reducing successful credit-push frauds—and improving funds recovery—is something all financial institutions should be doing. A package of Nacha Rule changes to help in those efforts went into effect Oct. 1. Several of the new rules are really an …
HERNDON, Virginia , March 18, 2024 – Nacha members have approved a set of rules intended to reduce the incidence of frauds, such as business email compromise (BEC), that make use of credit-push payments. The new rules establish a base-level of ACH payment …
Growing cybersecurity threats and regulatory concerns have amplified the need for increased operational resilience around all critical banking and payments functions. To help organizations, Nacha and the Global Resilience Federation (GRF) have partnered …
With less than a year to go before new Nacha Rules take effect in March 2026, the time is now for financial institutions to be talking to their Originators about making sure they’re compliant on day one—or, even better, well in advance. One of the …
Nacha has for many years advocated that dental and medical practices receive claim payments by ACH and avoid virtual credit cards (VCCs) and paper checks. Dental practices, however, all too often found insurance companies coaxing them to take claim …
A recently approved change to the Nacha Rules will accelerate funds available for some ACH credits. Under the existing Rules governing standard ACH payments, if a Receiving Depository Financial Institution (RDFI) receives files from an ACH Operator by 5 …
For more than a decade, Nacha has actively encouraged healthcare providers to move away from checks and receive claim payments by ACH. Since January 2014 the Nacha “CCD+Addenda” has been the healthcare EFT standard designated by the Department of Health …
The one-year anniversary of Same Day ACH’s $1 million limit is March 18. The higher per-payment limit was in effect for more than nine months of 2022, and the results for all of last year speak volumes (and value). The 697.5 million Same Day ACH payments …