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The WEB Debit Account Validation Rule became effective March 19, 2021. The rule was originally approved by Nacha members in November 2018 to become effective January 1, 2020. The Nacha Board of Directors approved an extension in effective date to allow …
This rule better differentiates among types of unauthorized return reasons for consumer debits. This differentiation will give ODFIs and their Originators clearer and better information when a customer claims that an error occurred with an authorized …
These two Rule amendments on Company Entry Descriptions become effective on March 20, 2026 and are part of a larger Risk Management package intended to reduce the incidence of successful fraud attempts and improve the recovery of funds after frauds have …
DEADLINE for initial registration is March 1, 2018. This rule requires Originating Depository Financial Institutions (ODFIs) to identify and register their Third-Party Sender customers. The registration process promotes consistent customer due diligence …
Payroll errors are a fact of life. The question is how fast they can be fixed. For clients of Complete Payroll Solutions, the answer is pretty fast, thanks to Same Day ACH. “Same Day ACH allows us to quickly resolve client issues in the same business …
Choices for moving money can look like a Cheesecake Factory menu. That’s where Orum comes in. “Today, tomorrow, at night, on holidays, on weekends, expensive, not expensive—there are a lot of options and variables. Instead of having to pick through all …
Used to be that if an employee at the University of Kentucky encountered an issue on payday, the school would immediately print them a check to correct it. Then came the pandemic. “When everything was shut down, and there was nobody on campus to man that …
Eric Wade remembers a time before Same Day ACH. The memories aren’t fond. Wade is Product Strategy Manager at Paychex, which pays one in 12 of America’s private sector workers. In the old days, if one of those workers found a problem with their Direct …
It’s by no means the biggest part of what they do, but Same Day ACH has helped Paycor—and its clients— when it’s needed most. “We spend a lot of Fridays doing Same Day ACH,” said Ryan Crone, AAP, APRP, Senior Manager of EFT at Paycor, the Cincinnati-based …