After four consecutive years of declines, the number of organizations reporting attempted or actual payments fraud rose considerably in 2023, new research found.

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The Council for Affordable Quality Healthcare (CAQH) owns and manages the CORE Operating Rules. The Healthcare EFT Enrollment Rules were just updated to help health claim payments move more efficiently and effectively while

HERNDON, Virginia, March 20, 2024 – Nacha’s Top 50 ranking of financial institution originators and receivers of ACH payments for 2023 was released today.

Not long ago, credit-push fraud wasn’t something you heard payments professionals discussing. That it quickly became part of today’s lexicon shows the importance of keeping our risk management strategies current. A slate of recently approved Nacha Operating Rules will do just that.

HERNDON, Virginia, March 18, 2024 – Nacha members have approved a set of rules intended to reduce the incidence of frauds, such as business email compromise (BEC), that make use of credit-push payments.

These Rule amendments become effective on Oct 1, 2024 and are part of a larger Risk Management package intended to reduce the incidence of successful fraud attempts and improve the recovery of funds after frauds have occurred.

It’s perhaps the most recognizable feature of the ACH Network: Direct Deposit. It’s the way 93% of American workers are paid and nearly all Social Security recipients get their benefits.

HERNDON, Virginia, Feb. 14, 2024 – Led by strong growth in Same Day ACH and business-to-business (B2B) payments, the ACH Network securely handled 31.5 billion payments valued at $80.1 trillion in 2023.

It’s been one of Nacha’s main focuses in recent years: Encouraging healthcare professionals—especially dentists—to receive claim payments by electronic funds transfer, or EFT. There’s new evidence that these efforts are paying off.

A decade-long increase in medical and dental professionals receiving claim payments by EFT continued in 2023.

HERNDON, Virginia, Oct. 17, 2023 – Ongoing adoption of Same Day ACH and the continued increase in business-to-business (B2B) payments led the ACH Network to robust results in the third quarter of 2023.

Growing cybersecurity threats and regulatory concerns have amplified the need for increased operational resilience around all critical banking and payments functions.

It’s an issue vexing financial institutions big and small—while keeping Nacha’s National System of Fines busy handling disputes: proof of authorization.

It’s been more than three years now—July 2020, to be exact—since the ACH Contact Registry went live. And as recently as August of last year, Nacha let everyone know it’s running spot checks on the data within the registry.

Those checks are about to be ramped up. 

You wouldn’t take a cross-country drive using an old paper map. So, why would you try to follow the Nacha Rules using an outdated guide?

A common myth that Nacha frequently addresses regards the settlement speed of ACH payments.  If you read the industry literature, you’ll likely see references such as 2-3 days, or, my least favorite, 3-5 days.

No matter the industry, issues are going to come up between one party and another. ACH is no exception, and when financial institutions can’t work things out among themselves, Nacha’s System of Fines is available to adjudicate any alleged Nacha Rules violations. 

For more than a decade, Nacha has actively encouraged healthcare providers to move away from checks and receive claim payments by ACH.

Summertime and the living is busy. At least for Nacha’s Industry Engagement team, which year-round promotes the benefits of ACH payments for specific industry use cases.