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

PYMNTS

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.