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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 …
Nacha’s RMAG on Third-Party Senders and the ACH Network
The Nacha Risk Management Advisory Group (RMAG) has developed sound business practices for ODFIs for both the onboarding of new Third-Party Sender (TPS) clients and the ongoing monitoring of existing TPS clients. Following recent discussions on the topic …
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 …
A New Risk Management Framework for the Era of Credit-Push Fraud
Fraud keeps changing. As it does, participants in the payments system need to understand and adapt to emerging fraud scenarios and develop counterstrategies to help protect their customers and themselves.  Nacha’s previous risk management strategies for …
Why a New ACH Risk Management Framework is Needed
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 …
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 …
RMAG Survey Finds Quick Acceptance of Third Window for Same Day ACH
The third window for submitting Same Day ACH payments to the ACH Network has quickly gained acceptance among financial institutions, according to new survey results conducted by Nacha and its Risk Management Advisory Group (RMAG).   The extension of Same …
Ransomware: Don’t Panic…Prepare
Naysayers want you to believe there is no hope in preventing or surviving a ransomware attack,  so you should just give up now. Or, you can join the Payments Innovation Alliance for its next webinar to learn how to cut through the fear, so you can focus …
Nacha RMAG Survey Finds No Fraud Increase from Same Day ACH Expanded Hours
Nearly five years ago, shortly after Nacha launched Same Day ACH, its Risk Management Advisory Group (RMAG) conducted a survey. It posed many questions to both Originating Depository Financial Institutions (ODFIs) and Receiving Depository Financial …