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Financial Institutions have been listing ACH contacts in Nacha’s ACH Contact Registry since the platform went live in July 2020. Most banks and credit unions are entering quality data that meets the requirements under the Nacha Operating Rules. That means …
Want to know how good your company’s cybersecurity is? Hire a hacker. “You need to prepare. That means training. That means practicing,” said Matthew Simmons, Head of Vulnerability and Patch Management, Technology Executive at Wells Fargo. Simmons …
NASHVILLE, Tennessee —There was a time when the focus of risk management on the ACH Network was controlling unauthorized debits. But keeping the ACH Network safe means keeping up with the times and anticipating future scenarios. Today, fraud involving …
The Nacha Rules require financial institutions to establish, implement, and periodically review exposure limits for their Third-Party Sender (TPS) customers and for their Originator customers. Third-Party Senders are also required to do the same for their …
Laura got a nice promotion upstairs and was replaced by Maggie. Jim is enjoying his days by the pool in Boca, having trained Janet to do his job. And Rebecca is at her new gig across town, with Dave now at her desk. The question is: Are Laura, Jim and …
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 …
Season 3, Episode 8: The What and the Why Behind the Value of the 2024 Nacha Operating Rules & Guidelines Nacha just released the 2024 edition of the Nacha Operating Rules & Guidelines. Listen to our latest podcast with Cari Conahan, Senior Director & …
A customer overpays by 22 cents, and you refund it by ACH. Is that a Micro-Entry? How about if a customer pays a 93-cent bill by ACH. Is that a Micro-Entry? Are these transactions subject to the new Nacha Micro-Entry Rule taking effect Sept. 16? “Not …
Stopping fraudsters can be a lot like the arcade game Whac-A-Mole. “We have been putting some focus recently on credit-push fraud. Whenever banks ramp up and start stopping fraud somewhere, fraudsters are going to try to find a new avenue,” Jordan …