Business email compromise (BEC) attacks are a form of cybercrime that uses email fraud to attack organizations. In 2020, the FBI (through IC3.gov) received 19,369 BEC/EAC complaints with adjusted losses of over $1.8 billion.

It seems like the bad guys work night and day concocting new ways to separate people and businesses from their money. But when it comes to cybercrime, one scam tops the list: Business Email Compromise (BEC).

Although enforcement of the ACH Contact Registry Rule doesn’t begin until Aug. 1, Nacha is already making spot-checks for data quality.

Nacha’s Risk Management Advisory Group has been evaluating potential risk increases and decreases due to Same Day ACH. It has consistently found no justification to fears that Same Day ACH would introduce massive amounts of risk.

Under the Nacha Operating Rules, information in the ACH Contact Registry must be kept up to date. Is your financial institution's contact info current?

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Access to the Rules & Guidelines helps to identify new opportunities to leverage the ACH Network to meet customer’s needs, while maintaining a clear understanding of network requirements.

It's time to be sure your bank or credit union is registered on the ACH Contact Registry. Enforcement will start Aug. 1.

In your list of new year’s resolutions, how about one to add your information to the ACH Contact Registry?

Nacha has approved eight new amendments to the Nacha Operating Rules governing the use of ACH payments.

October 30 is the deadline for financial institutions to enter required information in the ACH Contact Registry. Now is the time to get this done and be in compliance with the Nacha Operating Rules.

The APRP exam tests for comprehensive risk management knowledge across all payment types, including check, wire, debit, credit and prepaid cards, emerging and alternative payments, and ACH.

In just the first month, nearly 9,400 contacts were registered in the new ACH Contact Registry. And there are already success stories being told.

The ACH Contact Registry is coming soon. Nacha has the top six reasons to make sure your financial institution is prepared.

This is the second in a series of articles in which the Nacha Risk Management Advisory Group provides sound business practices on various risk management topics based on its experience and expertise.

This is the first in a series of articles in which the Nacha Risk Management Advisory Group provides sound business practices on various risk management topics based on its experience and expertise.

It can be challenging to find the right person at another financial institution to help with an ACH issue; that’s where the new ACH Contact Registry is going to help.  Authorized users at the nation’s financial institutions will have access to the Registry, which opens July 1 for all financial institutions to begin adding contact information.

Sometimes, the unexpected happens, as we're seeing these days. It's a good lesson on why financial institutions should prepare now for the new ACH Contact Registry.

Once scammers get a victim’s money, they’re far from done. They often need to move the money—and they’re not going to do it themselves. That’s where they employ the help of others—some knowingly, but many not: money mules.

Finding the right person at a financial institution is about to become a lot easier thanks to the ACH Contact Registry. And now is the time for your institution to prepare.

Although the ACH Contact Registry doesn't open until July 1, your financial institution should already be thinking about how it will comply with this new Nacha Operating Rule. A recent Nacha webinar offered a wealth of useful information.