PYMNTS

MAY 10, 2019

For a rule that comes into effect on January 1, 2020, NACHA says that “ACH originators of WEB debit entries are required to use a commercially reasonable fraudulent transaction detection system to screen WEB debits for fraud.” The rule change is the subject of a recent white paper published by GIACT. New NACHA Rule.

Nacha Rules 71

Nacha Rules NACHA Rules Account Validation 71

PYMNTS

APRIL 6, 2016

In reference to methodology, NACHA’s survey extended across January and February, with 22 of the largest 25 ACH originating institutions responding. In reference to other payments, firms are eyeing expedited bill pay and also person to person functionality and payments options.

Same Day ACH 46

Same Day ACH ACH NACHA AAP 46

PYMNTS

JULY 5, 2019

As methods shift from check payments to, say, bill payment sites, ACH origination sites and biller direct companies may see an impact, as in many cases each of those is an independent solution. But in other cases, the companies may want an individual consumer to make those transactions.

B2C 46

B2C Lockbox ACH IRS 46

PYMNTS

DECEMBER 17, 2019

If I become an ACH originator, and I don’t use a third party, I control the application, the underwriting; I can on-board people faster. While ACH has been around for decades, the payment rail is amid a facelift as the U.S. I own that relationship,” he said. payments ecosystem embraces speed and transparency.

ACH 52

ACH B2B Third-Party Service Provider ACH Processing 52

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.

NACHA 52

NACHA ACH Scams Account Validation 52

PYMNTS

MAY 4, 2016

Challenges and solutions continue to emerge surrounding NACHA’s recent move toward establishing Same Day ACH payments, which are due to arrive as soon as September 2016. Companies said they were also interested in how ACH might impact expedited bill pay, person-to person functionality, and payment options.

Faster Payments 40

Faster Payments Same Day ACH NACHA ACH 40

PYMNTS

MAY 7, 2018

In its analysis of the Same-Day ACH rollout, NACHA found no evidence that it led to an increase in fraud attempts or successful breaches. That doesn’t mean that fraud linked to ACH transactions is nonexistent, however.

Same Day ACH 47

Same Day ACH Fraud Detection ACH NACHA 47