Are you fully prepared to comply with the fast-approaching new Nacha Risk Management Rules? While it may seem like there is still ample time, the truth is that you should already be well into your readiness process.

In September 2022, Nacha released a Risk Management Framework to address fraud across the ACH Network.

If the phrase “proof of audit” sends shivers down your spine, now’s the time to get your house in order, because Nacha is on the verge of ramping up enforcement. 

NEW ORLEANS—It’s bad enough when anyone falls victim to credit-push fraud, but some cases really make Tim Thorson’s blood boil.

The Nacha Rules require financial institutions and Third-Party Senders (TPSs) to conduct Rules Compliance Audits and risk assessments of their ACH activities. The Rules also state an ODFI is responsible for all Entries originated through the ODFI, whether by an Originator or through a TPS.

Executive Summary

One of the new Rules that went into effect on Oct. 1, 2024, expands an RDFI’s voluntary exemption from the funds availability requirement of the Nacha Operating Rules. The Rule also requires an RDFI to take reasonable steps to notify an ODFI if the RDFI exercises this exemption.

It’s still early days, but Ross McFerrin sees great potential for pay by bank. 

Reducing successful credit-push frauds—and improving funds recovery—is something all financial institutions should be doing. A package of Nacha Rule changes to help in thos

Fraud prevention should be top of mind for all financial institutions. New Nacha Rules taking effect soon are intended to reduce the incidence of successful fraud attempts and improve the recovery of funds after frauds have occurred.

Nacha’s voting membership recently passed a set of amendments to the Nacha Operating Rules intended to reduce the incidence of successful fraud attempts and improve the recovery of funds after frauds have occurred.