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New Data Security Requirements for ACH Originators

Agile Payments

As of June 30, 2021, a new rule on supplementing data security requirements goes into effect for ACH originators that have an annual volume of 6 million transactions or greater. Basically, the sensitive bank account data needs to be tokenized.

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ACH Fraud Is Rising - And New NACHA Measure Leaves Gaps

FICO

If your institution saw an increase in ACH transactions last year, you’re not alone. NACHA, the payments clearing house through which ACH transactions flow, reported a banner year in 2020, posting an 8.2% increase in volume and a 10.8% Additionally, ACH internet transactions rose 15% from 2019 to 2020.

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