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What is Rules Compliance? Nacha’s ACH Rules Compliance provides the structure for evaluating possible violations of the Nacha Operating Rules and Guidelines . Through a formal system of warnings and fines, it corrects infractions and helps ACH Network …
We live in a time of transformation. Financial services have been disrupted by technology developments which has resulted in a variety of new banking and payment models that leverage emerging third parties and has made way for next generation banking. At …
This portion of a recent Rule amendment becomes effective on April 1, 2025 and requires an RDFI to advise the ODFI of the status of a Request for Return within ten (10) banking days of receipt of the ODFI’s …
The 2022 Association for Financial Professionals (AFP) Digital Payments Survey , released Oct. 4, found that just 33% of business-to-business (B2B) payments in the United States and Canada are made by check. Barely a decade ago, in 2013, the figure was …
Consumer ACH payments include recurring expenses—mortgages, loan payments and utilities, for example—where consumers can authorize a monthly payment and not worry about mailing checks and instead to “just set it and forget it.” Consumers are also finding …
A new credit-push fraud scheme is being used by fraudsters to target financial institutions and their commercial clients. Nacha’s Risk Management Advisory Group member banks reported seeing the new scheme in November and December 2024. They are taking …