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This 4th Edition update provides a review of the variations in legal requirements and processing obligations relating to the origination of ACH entries when a Third-Party Sender is involved in the origination of transactions through the ACH Network. This …
On June 30, Nacha will implement three new rules: Supplementing Data Security: The existing ACH Security Framework Rule -- including its data protection requirements -- will be supplemented to explicitly require large, non-FI Originators, Third-Party …
With two record-setting months, double-digit growth in several areas, and $14 trillion in payments, the third quarter results for the modern ACH Network are impressive. It’s worth taking a closer look, because the ACH Network was flourishing. Same Day ACH …
In a year in which life was turned upside down, many of the institutions we depend on came close to the breaking point. Hospitals set up tents in parking lots, or makeshift facilities in convention centers, to care for COVID-19 patients. The U.S. Postal …
NASHVILLE, Tennessee —Sustainers are the lifeblood of most nonprofits, and Nacha’s research shows an opportunity to convert regular donors to sustaining donors using ACH. “But what we found was that only 25% of donors are using ACH for their recurring …
Top Ways the ACH Network Can Help Consumers, Businesses and Government During the National Emergency
During the current national emergency, the ACH Network is operating normally to process payments for consumers, businesses, and government agencies. There are many impacts to daily life and business operations due to the practice of social distancing and …
1. Help Yourself. Someday you’re going to need to find the right person at another financial institution to help you. Registering promptly for the ACH Contact Registry gives you access to all the other FI contacts that have registered. 2. Help Others. …
July 25 12:30 PM-1:30 PM New! Anatomy of Payments Lecture Hall This course takes a strategic look at the physical make up of the payment from an operational, financial, and risk perspective, because not all payments are made equal for all use cases. While …
July 26 7:30 AM - 8:00 AM The Breakfast Club No, it’s not the super, amazing John Hughes movie from the 1980s – but it will be just as great, if not better! It’s not all-day detention and you won’t need to raid Barry Manilow’s closet in order to attend. …