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2 results related to "Account Validation"
Nacha Seeks Comments on Proposals to Update IAT Rules
… the current Return Reason Code R16 apply solely to a frozen account. A new R90 code would be used when a payment is …
Nacha’s Afinis Interoperability Standards Names New Board of Directors
… check on the status of payments, retrieve information about accounts and enable senders of payments to verify that accounts are valid. Returning Board Directors include: Roy … with the capability to reach all U.S. bank and credit union accounts. More than 29 billion ACH Network payments were …