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Tag: Blog

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Florida dentists will soon find it easier to get fee-free EFT claim payments—and reject virtual credit cards (VCCs)—under a new law coming to the Sunshine State.

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MIAMI BEACH, Fla.—It’s no secret that banks can be secretive where customer information is concerned. But when it comes to fighting back against scammers, there’s growing consensus that it’s time to start working together.

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MIAMI BEACH, Fla.—Mention artificial intelligence today and responses will likely range from laissez faire to panic with everything in between.

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Even higher education professionals can sometimes use a little schooling—especially about how to make and receive payments. 

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MIAMI BEACH, Fla.—Records are made to be broken, and that’s especially true when it comes to ACH.

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MIAMI BEACH, Fla.—A little reminiscing, a little crystal ball gazing, and a little memorializing marked the start of Smarter Faster Payments 2024, as part of Nacha’s 50th anniversary celebration.

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MIAMI BEACH, Fla.—When you look at his hard-earned Super Bowl ring, his record 162 consecutive NFL games played, and his successful second career as a magician, it’s easy to think Jon Dorenbos has lived his life on Easy Street. 

It’s been anything but. 

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MIAMI BEACH, Fla.—“Emotional Runway” might sound like the title of a Taylor Swift track, but it’s a much deeper concept. Emotional Runway is what Suneel Gupta describes as “the energy to drive your idea forward,” and he sees a very big issue with it today. 

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One-stop shopping is almost always the easiest way to go about things. Whether it’s the week’s groceries or information to make informed business decisions, finding everything you need in one reliable place simplifies matters, saving time and effort.

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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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Have you checked out Nacha's new, improved Risk Management Portal?

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When it comes to account validation, companies have to get it right. From Nacha Rules compliance to risk issues to the customer experience, there’s a lot to consider. 

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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.

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Artificial Intelligence (AI) leapt into the lives of the public last year with ChatGPT and has been ever present in the conversations of risk professionals since. AI is improving rapidly and is far more capable than it was only a year ago.

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It’s a good problem to have: Going to Smarter Faster Payments 2024 and making sure you don’t miss a thing.

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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.

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

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For technology firm Profituity, having the latest Nacha Rules is indispensable.  

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Nacha continually publishes new resources and updates existing tools to help ACH Network participants manage risk. It certainly kept up the pace in 2023.

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It’s one of the most important services Nacha provides to financial institutions. To better assist its users a fresh new look and other enhancements are coming soon to the Risk Management Portal.