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It’s been more than three years now—July 2020, to be exact—since the ACH Contact Registry went live. And as recently as August of last year, Nacha let everyone know it’s running spot checks on the data within the registry. Those checks are about to be …
About EFTs An EFT is an electronic funds transfer where the claim is deposited directly into a dental provider’s bank account. It eliminates the need to take anything to the bank to be deposited and cuts down on the amount of staff time needed to process …
No matter the industry, issues are going to come up between one party and another. ACH is no exception, and when financial institutions can’t work things out among themselves, Nacha’s System of Fines is available to adjudicate any alleged Nacha Rules …
Would You Give Us Five Minutes of Your Time? Does your company process electronic payments to pay other businesses or your employees via DirectDeposit? Then it is likely you are processing payments via ACH. We are reaching out to all businesses who …
NASHVILLE, Tennessee —Same Day ACH only turned five last September, and as Michael Herd, Nacha Senior Vice President, ACH Network Administration, noted, that means “it’s still early.” After all, he said, from the time the ACH Network began “it took about …
Bringing ACH processing in-house is a major decision for any financial institution. There’s a lot to consider—including things you might not have considered. Kerry Sellen, AAP, APRP, is a Senior Director with Nacha Consulting , which works with clients …
Nine Nacha staffers attended the Association for Financial Professionals' 2024 conference in Nashville, Tennessee, held Oct. 20-23. That’s more than 10% of our entire staff! Throughout the event, the Nacha team shared valuable insights on ACH payments and …
Nacha has recently become aware of an increasing number of fraudulent transactions being made over the ACH Network using the Telephone-Initiated Entry (TEL) application. The TEL application became effective in September 2001 as a means to provide a more …