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

PYMNTS

Getting there is a long road with many twists and turns, with guidance provided not only by back-end technology but also by updated rules from organizations with a governing role across the payments industry. The rule change is the subject of a recent white paper published by GIACT. New NACHA Rule.

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NACHA 2021 ACH Rule Change Mandates Checking Account Validation For Web Based Payments

Agile Payments

What does the new NACHA ruling around WEB ACH transactions really mean and why has it been implemented?

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1-NACHA 2021 ACH Rule Change Mandates Checking Account Validation For Web Based Payments

Agile Payments

What does the new NACHA ruling around WEB ACH transactions really mean and why has it been implemented?

NACHA 88
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Phixius by Nacha Surpasses 4 Million Account Validations

NACHA

Phixius by Nacha has successfully validated information for more than 4 million accounts since its first validation in March 2021. This accomplishment highlights its pivotal role helping customers of all sizes with Nacha rule compliance, as well as risk management.

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How to Stay Compliant with NACHA Requirements

EBizCharge

Ensuring compliance with NACHA requirements is crucial for financial institutions, as it guarantees the secure, efficient, and reliable handling of electronic payments. NACHA’s detailed operating rules help prevent fraudulent transactions and safeguard the integrity of electronic transactions across bank accounts and financial accounts.

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5 Benefits of ACH Payments Over Check Payments

Stax

ACH transfers, or payments made through the Automated Clearing House network, account for billions of dollars in payments annually. In fact, NACHA, the nonprofit that governs the ACH payments network reported 6.1% Setting up ACH payments is easy with a great merchant account service like Stax. in Q4 2021.

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What is an EFT Payment? Everything to Know About This Method of Payment

Stax

EFT payments are transactions between the sender and receiver that transfer funds electronically from the sender’s bank account to the receiver’s. For businesses, EFT payments streamline the accounts receivable and payable processes, making it easier to manage transactions and reconcile accounts.