Businesses that originate pre-authorized ACH debits for services that have been interrupted may face an elevated risk of returns.
Nacha recently made a significant rule change to further enhance Same Day ACH, its own faster payments solution. Now, the per-payment dollar limit for same-day payments is now $100,000, up from $25,000.
In light of the potential impact of coronavirus, Nacha reminds financial institutions of the importance of reviewing their business continuity plans to ensure that they are prepared to maintain ACH payment processing capabilities in the event of possible disruptions. In additio