Editor’s note: This article kicks off a 2021 series of blog posts to help you put ACH to work in your organization. The next post addresses, “5 Reasons Why It’s Crazy for Businesses to Write Checks.”
Many dentists have yet to experience the benefits of receiving insurance claim payments by ACH, but there are encouraging signs, a new report found.
The third Same Day ACH processing and settlement window will take effect on Friday, March 19. As of that date, files of Same Day ACH payments may be submitted by an ODFI to its ACH Operator up to two hours later in the day. Are you ready?
You wouldn’t set out on a road trip without directions. After all, who wants to go 200 miles west only to discover you were supposed to go 100 miles east? So why would a business set up shop and work hard, without getting directions on the right way to handle payments?
Sometimes, changes to the Nacha Operating Rules come in two parts. Such is the case with the Rule on Differentiating Unauthorized Return Reasons, where the second part will be implemented soon.
All those who don’t like getting their money faster can stop reading here.
For the rest of us, if you’re expecting (or at least hoping for) a tax refund this year, make sure to give the IRS your Direct Deposit information.
Moving the modern ACH Network forward to provide users with the best possible experience is one of Nacha’s most important goals. That’s why the ACH Network is always evolving, and this year will be no different.
It’s been more than two years since Nacha members approved a new Nacha Operating Rule on account validation for Internet-initiated debits. With the change of the calendar to 2021, the effective date of March 19 is just about upon us.
In your list of new year’s resolutions, how about one to add your information to the ACH Contact Registry?
New Year’s Day 2021 brings with it a change to the Nacha Operating Rules. If you haven’t already, the time to familiarize yourself is now.