Displaying 41 - 60 of 144
Tag: Financial Institution
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With one new Nacha Rule coming later this month and two others right behind in September, Nacha has a wealth of new and refreshed materials to help you along.
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"There's always something new to learn" in the payments industry, says the 2022 Dean of the Payments Institute, Mary Gilmeister, who shares why it's important for payments professionals to attend.
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ACH end users have consistently and constantly asked for higher dollar limits for Same Day ACH payments. In March 2020, the original limit of $25,000 was raised to $100,000. Then, two years later in March 2022, the limit was increased again to $1 million per payment.
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Evolve Bank & Trust has become the newest Nacha Direct Member. There are now 44 Nacha Direct Members.
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Could FedNow pave the way for more ACH settlement windows? At Smarter Faster Payments 2022 there was discussion about whether FedNow's functionality could be applicable to other Fed services, including ACH.
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A new ACH Risk Management Framework is taking shape to help keep the ACH Network safe. One particular focus is fraud involving credits and other push type payments.
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Business Email Compromise numbers are down in the newest AFP fraud survey, which also finds checks continue to be most susceptible to fraud.
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Nacha President and CEO Jane Larimer takes a closer look at the first quarter 2022 ACH Network results.
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A new study for Nacha and the Center for Payments takes a closer look at how Same Day ACH is being used and what the payments community would like to see.
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Same Day ACH might have started out like a tuxedo, but today it’s more like a pair of comfortable jeans.
“We don’t need special occasions” to use Same Day ACH, Joe W. Hussey, Managing Director at J.P. Morgan and Chair of the Nacha Board of Directors, told Smarter Faster Payments 2022.
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Nacha’s Afinis Interoperability Standards announced its new Board of Directors.
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Phase Two of Nacha’s Supplementing Data Security Rule will be implemented June 30, and Third-Party Senders, Third-Party Service Providers, and Originators should be preparing for compliance.
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One of the best weapons in the fight against fraudsters is sharing information. It can also be one of the trickiest issues to navigate, given the many privacy concerns. Nacha’s Risk Management Advisory Group (RMAG) is working to address this.
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Along with all the other spring cleaning you do, it's a fine time to make sure your Financial Institution's entries in the ACH Contact Registry are up-to-date.
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As the date for enforcement draws near, some companies, payment fintechs and financial institutions are actively seeking solutions to comply with the Account Validation Rule. Phixius is one method to both adhere to the Nacha Account Validation Rule and provide a safe and secure way to verify and validate ACH account information.
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Feb. 8 is National AAP Recognition Day, when we recognize the 4,500 payments professionals who have earned this prestigious accreditation.
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Nacha announced today the addition of Webster Bank as a Nacha Direct Member. Nacha has more than 40 Direct Members, consisting of financial institutions and Payments Associations (PAs) that collectively represent nearly all financial institutions across the United States.
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ACH Network volume grew 8.7% in 2021 with 29.1 billion payments. The value of those payments rose 17.4%, or $10.8 trillion.
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A new Nacha Operating Rule affects the way ACH Network participants use Micro-Entries. We take a look at what it means and why you should start preparing now.
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A review of the changes to the Nacha Operating Rules in 2021, and what's coming in 2022.