Tag: Proposed Rule
Nacha is seeking industry information on the following:
This Request for Comment (RFC) proposes to shorten the return timeframe for certain returns, based on specific return reason codes. Return reasons included are those that can be decisioned by a processing system without the need for further manual review.
Nacha seeks industry information and responses on the meaning and significance of the defined term “Banking Day” in the Nacha Operating Rules and on related ACH operational issues. Industry feedback will be used to help determine whether Nacha should propose a change to the Nacha Oper