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Securing Faster Payments: Modernizing Account Validation

Payments Dive

In 2018 alone, ACH network volume reached nearly 23 billion payments –70 payments per person in the U.S. In the 12 months ending February 2019, payment volume across the ACH network increased 7.2%, reaching over 100 million ACH payments per banking day, a first for the ACH network.

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Nacha Announces Visa as Preferred Partner

Fintech Finance

Nacha announced that Visa , a world leader in digital payments, has joined its Preferred Partner Program for ACH Experience, Open Banking and Account Validation. Nacha’s Preferred Partner Program recognizes organizations that contribute to advancing the ACH Network.

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Important NACHA Changes: Account Validation

Payment Savvy

Starting March 19, 2021, the National Automated Clearing House Association (NACHA) will require businesses to perform online verification of bank accounts before they accept or process ACH payments. ACH payments play a significant part in online payment acceptance options. This accounts for close to 82% of all U.S

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

PYMNTS

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.

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B2B Innovators Explore The New Payment Rail Combinations

PYMNTS

Nacha Drives Corporate ACH Adoption. Nacha is rolling out a new resource center designed to help corporates embrace the ACH Network.

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Phixius by Nacha Partners With ValidiFI to Enhance Account Validation Coverage

Fintech Finance

This collaboration will expand on Phixius’ current account validation coverage, leading to fewer returns and improving ACH payment quality. “Phixius connects payment validation requestors to responders. This provides the connective tissue to address critical coverage gaps in validating U.S.

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