Members of Nacha's Risk Management Advisory Group (RMAG) have guidance to help other financial institutions identify credit-push fraud and assist in recovering funds for the victims of these schemes.

Nacha's Risk Management Advisory Group (RMAG) met in-person in October with an agenda focused on the themes of the “New Risk Management Framework for the Era of Credit-Push Fraud.” One of the main themes discussed was the role that Receiving Depository Financial Institutions (RDFIs) should play in detecting, preventing, and recovering funds from frauds that utilize ACH and other credits.

Nacha released a report on its latest Risk Management Framework today, providing a new strategy for industry participants in both the ACH Network as well as other payments systems to address new and persistent frauds that increasingly make use of credit-push payments.

Fraud keeps changing. As it does, participants in the payments system need to understand and adapt to emerging fraud scenarios and develop counterstrategies to help protect their customers and themselves. 

Collection of instructions utilized in the Risk Management Portal.

Increasing the Same Day ACH dollar limit to $1 million per payment posed no greater fraud risk than the prior $100,000 threshold, a new survey by Nacha’s Risk Management Advisory Group (RMAG) found. 

The next time you visit Nacha’s Risk Management Portal you’ll find several changes which are the direct results of industry input. 

Nacha has awarded Nacha Certified status for a second consecutive term to Paycor, a leading provider of Human Capital Management software.

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.

Business Email Compromise numbers are down in the newest AFP fraud survey, which also finds checks continue to be most susceptible to fraud.

Paychex has met the criteria to have its Nacha Certified status renewed through May 2024.

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.

Nacha’s new Third-Party Sender Roles and Responsibilities Rule changes come into effect on September 30, 2022.

Nacha has approved Nacha Certified status for Netchex, a provider of payroll and human resources services. 

Business Email Compromise (BEC) is an increasing concern for organizations of all sizes. Learn what to do to avoid becoming a victim.

It seems like the bad guys work night and day concocting new ways to separate people and businesses from their money. But when it comes to cybercrime, one scam tops the list: Business Email Compromise (BEC).

It’s called the ACH Contact Registry, but it’s being used for a whole lot more. Learn how a credit union uses the Registry to find contacts at other financial institutions to check on wires.

A survey by RMAG found no increase in fraud attributable to the later hours for submitting Same Day ACH payments.

Naysayers want you to believe there is no hope in preventing or surviving a ransomware attack, so you should just give up now.

The third window for submitting Same Day ACH payments to the ACH Network has quickly gained acceptance among financial institutions, according to new survey results conducted by Nacha and its Risk Management Advisory Group (RMAG).