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Contact: Media Relations Today, Nacha’s Phixius platform, a trusted peer-to-peer network for efficient and safe exchange and verification of payment-related information, announced interested parties can participate in its Account Ownership Verification …
As users of the ACH Network contemplate data quality, risk and compliance strategies, they should be aware that on March 18, 2022, Nacha’s ACH WEB Debit “Account Validation Rule” becomes enforceable. The rule requires that the first use of an account …
Treasury and finance payments practitioners and payroll professionals at corporations, larger businesses and governmental organizations (federal, state and local) are big users of ACH payments—from paying bills and employees, to receiving payments for the …
This interactive tool is designed to assist in verifying its RDC client's adherence to their RDC Agreement and the FFIEC Guidance on the Risk Management of Remote Deposit Capture. Available for immediate download, the RDC Review Checklist can be completed …
Many medical and dental offices operate on tight budgets, so every dollar counts more than ever. ACH can help. Learn how to tap into the ACH Network and use Direct Deposit and Direct Payment to free up time, and save money and energy to help you grow your …
Nacha's ISO 20022-to-ACH Mapping Guide & Tool allows financial institutions to support businesses that leverage ISO 20022 by providing standardized guidance to facilitate translation of ISO 20022 pain.001 (credit) and pain.008 (debit) messages into ACH …
Your sales are humming along, bills and invoices are being sent to customers, and the payments are flowing back to your company—and there are a lot of payments. That’s good news. But, that’s also where Goofus processes may lurk! Remember Goofus and …
You want more ACH payments from your customers because ACH: Costs less than check and card payments; Requires less labor to process than checks and you can’t increase hires (or have to decrease head count); Clears quickly for improved cash flow; Provides …
… More Money Per Donation . Monthly gifts from donors using electronic bank transfers are on average 55% higher than with other payment types. Make Donating Easier . No more counting or carrying cash or checks. Instead, donations made by electronic bank …