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Now in Nacha’s Risk Management Portal: Secure Exchange of Standardized Letters of Indemnity
So many things that we need to sign today we can handle online. Nacha’s Risk Management Portal is now making it happen for Letters of Indemnity (LOIs). As of Feb. 28, 2022, Originating Depository Financial Institutions (ODFIs) are able to use the Portal …
Are Your Entries in the ACH Contact Registry Helping? Nacha is Checking
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 …
How the ACH Rules Are Made
… Do you get paid by Direct Deposit? That’s governed by the Rules. Do you pay your bills electronically via ACH? Also governed by the Rules. The ACH Network touches nearly all Americans, and the Nacha Operating Rules direct how the ACH Network is …
The ACH State of the Union is ‘Historic’ as it Helps Power US Economy
NASHVILLE, Tennessee —Presidents typically stand before Congress and proclaim the state of the union to be strong. Michael Herd was looking for a different adjective to describe the ACH State of the Union and came up with the perfect fit: “historic.” …
Nacha Files Comments on Healthcare Standards Development
Urges Greater Adoption of the Healthcare EFT, and Points to Afinis as Model for API Standardization Nacha filed comments on July 30, 2021, with the National Committee on Vital Health and Statistics (NCVHS), Subcommittee on Standards, in response to the …
Which 60 Days is It? Understanding the Different Periods in Regulation E and the Nacha Rules
Regulation E and the Nacha Operating Rules each have a 60-day period that applies to unauthorized payments. But in complying with both Reg E and the Nacha Rules, understanding the differences in these periods is important.   Regulation E specifies how and …
New Warranty Claims Rule Extends to All ACH Payments, Regardless of Original Date
What if you enter a highway but before you get to the first toll booth the clock strikes midnight and the rates increase? Which toll would you pay: the one in effect when you got on, or the one in effect when you reach the booth?  A very similar question …
For ACH Originators, New Warranty Claims Rule Brings More Certainty
Few things are certain in life, but an upcoming change to the Nacha Operating Rules should make the timing of warranty claims more certain, especially for businesses and other organizations that originate ACH payments. A new Limitation on Warranty Claims …
Been to Nacha’s Corporates Resource Center Lately? New Resources are Available
If it’s been a while since you visited Nacha’s Resource Center for Corporates  you should take a look. There’s a lot there you and your customers can use. At the top you’ll immediately spot two new videos, one on how the Nacha Operating Rules are made and …