Account Validation and ACH Origination

New NACHA Rule Could Catch Payment Processors, Merchants, FIs Off-Guard

PYMNTS

MAY 10, 2019

In a new PYMNTS interview, David Barnhardt, executive vice president of product at GIACT , which offers fraud detection and account validation tools, talks about an upcoming change by NACHA, national administrator of the ACH network, to make internet-initiated debit transactions (WEB debits) safer and more seamless.

Nacha Rules

Nacha Rules NACHA Rules Account Validation

ACH Fraud Is Rising - And New NACHA Measure Leaves Gaps

FICO

JULY 28, 2021

In response to a rise in fraudulent activity targeting ACH and other electronic transactions, the WEB Debit Account Validation Rule was put into effect by NACHA on March 19, 2021. The supplemental requirement applies to the first use of an account number or changes to the account number. Here’s why.

NACHA

NACHA ACH Scams Account Validation

Payments Space

New NACHA Rule Could Catch Payment Processors, Merchants, FIs Off-Guard

ACH Fraud Is Rising - And New NACHA Measure Leaves Gaps

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