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Tax season is upon us, and if you want your refund quickly, choose Direct Deposit. Nacha recently had the opportunity to sit down with Ken Corbin , the Wage and Investment Commissioner and Chief Taxpayer Experience Officer at the IRS, to discuss this …
Ways to return tax refund credits in cases of possible error or fraud. …
Invoking the Exemption from the Funds Availability Requirement, and the RDFI’s Associated Notification Requirement
One of the new Rules that went into effect on Oct. 1, 2024, expands an RDFI’s voluntary exemption from the funds availability requirement of the Nacha Operating Rules. The Rule also requires an RDFI to take reasonable steps to notify an ODFI if the RDFI …