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ACH SEC Codes

Payment Savvy

However, we want to help you get a better understanding of certain terms – and that’s what we will do in this article with SEC codes. Below, you will find all the information you might need about ACH transactions, in which those codes are used, as well as what they are, and share with you some real life examples. .

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How to Stay Compliant with NACHA Requirements

EBizCharge

Authorization requirements Before initiating ACH debit transactions, NACHA requires that entities obtain explicit, written authorization from the customer. Authorization documents must be retained and made available upon request, serving as proof of compliance and legitimizing the transaction. How often are NACHA rules updated?

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