Account Validation and Void

Important NACHA Changes: Account Validation

Payment Savvy

AUGUST 4, 2020

As such, they are pushing for more robust controls against fraud, and one of them is this new rule that requires account validation. Also, as part of the validation process, merchants must ensure any bank account submitted for an ACH transaction is valid. Account Validation Approaches.

Account Validation

Account Validation NACHA Accounts ACH

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. Source: NACHA. Here’s why.

NACHA

NACHA ACH Scams Account Validation

Payments Space

Important NACHA Changes: Account Validation

ACH Fraud Is Rising - And New NACHA Measure Leaves Gaps

Webinars

Stay Connected