Remove Account Validation Remove NACHA Remove Same Day ACH
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GIACT On Getting Ready For Nacha's Debit Account Verification Changes

PYMNTS

To that end, in an interview with PYMNTS, Kimber Johnson , executive vice president of strategic alliances at GIACT , said account validation is of increasing importance in an age where commerce is speeding up, and increasingly, moving online. The old saying goes: Faster payments, faster fraud.

NACHA 69
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B2B Innovators Explore The New Payment Rail Combinations

PYMNTS

The new payment rail supports interbank, peer-to-peer, person-to-business and business-to-business transactions, and can handle up to 5 million transactions per day. Nacha Drives Corporate ACH Adoption. Nacha is rolling out a new resource center designed to help corporates embrace the ACH Network.

B2B 88
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Faster Payments, Better Validation

PYMNTS

For financial institutions and merchants, validating transactions in real time can be a boon, eliminating returns or declined transactions. The suggestion, then, was to use tokenization to ascertain account validity and funds availability in consumers’ accounts, using API calls from the merchant.