Remove Account Validation Remove Micro-Entry Remove Origination
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ACH Fraud Is Rising - And New NACHA Measure Leaves Gaps

FICO

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. by TJ Horan.

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5 Keys to Managing Merchant Risk in Onboarding & Monitoring

FICO

As already indicated, given the current climate and the different landscape of online only micro-merchants, this process is too long. . Ingesting internal data from disparate sources eliminates manual data entry and reduces judgmental underwriting decisioning while creating consistency through automation.

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