Displaying 121 - 140 of 163

Tag: ACH

Article June 2, 2021
In just over a year, a new Nacha Rule repurposing the R11 return reason code has proven to be quite successful.
Article June 1, 2021
If it’s been a while since you visited Nacha’s Resource Center for Corporates, you should take a look. There’s a lot there you and your customers can use.
Article June 1, 2021
A new Limitation on Warranty Claims Rule takes effect June 30, 2021, and Nacha's General Counsel said a key goal is “to give Originators more certainty on the time they may face claims on entries that they put into the ACH Network."
Article June 1, 2021
The Nacha Risk Management Advisory Group (RMAG) held a series of discussions on the topic of Third-Party Senders (TPSs) and the ODFIs that process for them. RMAG developed sound business practices for ODFIs for both the onboarding of new TPS clients and the ongoing monitoring of existing TPS clients.
Article May 18, 2021
“What is the difference between EFT, ACH and EDI?” We often get asked this question from business financial teams - even from seasoned financial pros. The quick answer is that all ACH (Automated Clearing House) payments are EFTs (Electronic Funds Transfers), but not all EFT payments are ACH. And EDI (Electronic Data Interchange) is a data format, not a payment.
Article May 13, 2021
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?
Product May 10, 2021

BUY NOW AND SAVE 40%

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.

Product May 1, 2021
Now available via Digital Access - 
ACH participants must take action to control risk in any payment system — including the ACH Network. The 6th edition explains the types of ACH payments risk, assesses the operational implications and provides sound business practices for developing an effective risk management program. In addition, case studies are included in each chapter to offer realistic examples to assist you in evaluating and implementing your risk management program.

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Product April 30, 2021

This comprehensive manual explains the requirements of the Nacha Operating Rules & Guidelines and covers topics such as authorizations, disclosures, processing, funds availability, settlement, error resolution, returns, reversals, retention, audit, all Standard Entry Class Codes and

Article April 28, 2021
On June 30, Nacha will implement three new rules: Reversals and Enforcement, Supplementing Data Security, and Limitation on Warranty Claims.
Article April 22, 2021
Learn more about the Limitation on Warranty Claims Rule effective June 30, 2021.
Article April 15, 2021
The ACH Network set two records in the first quarter of 2021, and Same Day ACH marked its 1 billionth payment.
Article April 14, 2021
You’ve got questions. We’ve got answers. Lots of answers. Four new Nacha Operating Rules take effect later this year, and your preparations should be underway. But questions are inevitable and Nacha is here to help.
Article April 13, 2021
It's time to be sure your bank or credit union is registered on the ACH Contact Registry. Enforcement will start Aug. 1.
Article April 8, 2021

Like many companies, Subject Matter recently reached its one-year milestone of working remotely.

Article April 5, 2021
Same Day ACH payments will be further enhanced with a new $1 million per transaction limit. Nacha members approved a measure to increase the per-payment maximum from the current $100,000 to $1 million effective March 18, 2022. It will apply to all eligible Same Day ACH payments, including credits and debits for both businesses and consumers.
Product April 1, 2021

Buy Both and Save 10%

ACH Risk Management Handbook and the ACH Compliance Manual digital publications.

Article March 30, 2021
Nacha releases its Top 50 rankings of financial institution originators and receivers of ACH payments for 2020.
Article March 25, 2021
When a transaction involves the use of a payment intermediary (e.g., a Third-Party Service Provider that performs some aspect of payment processing on behalf of a client), those ACH roles may not always be easily identifiable. That’s why Nacha developed and recently updated the Third-Party Sender Identification Tool.