Stax

JULY 9, 2024

Advanced encryption techniques are used to protect sensitive data during transmission, ensuring that personal and financial information remains confidential. Compliance requires implementing robust security measures, such as encryption and authentication protocols, regularly auditing processes, and staying updated on regulatory changes.

Electronic Fund Transfer Act (EFTA) 88

Electronic Fund Transfer Act (EFTA) ACH Electronic Funds Transfer (EFT) Funds Transfer 88

Payment Savvy

OCTOBER 8, 2024

For Businesses: If you’re a business looking to collect payments via direct debit, the setup process involves working with a payment processor or bank to handle the transactions on your behalf. Create a Mandate Form : Once you’ve chosen a payment processor, you must create a mandate form for your customers. In the U.S.,

ACH 52

ACH Credit Cards ACH Network Authorization 52

EBizCharge

JULY 16, 2024

Ensuring compliance with NACHA requirements is crucial for financial institutions, as it guarantees the secure, efficient, and reliable handling of electronic payments. Data security NACHA imposes stringent requirements to protect sensitive financial data. How often are NACHA rules updated?

NACHA 52

NACHA Nacha Rules ACH Network ACH 52