Remove ODFI Remove Payment Amount Remove Social Security
article thumbnail

How to Stay Compliant with NACHA Requirements

EBizCharge

The National Automated Clearing House Association (NACHA) governs the operation of the Automated Clearing House (ACH) network , a centralized system financial institutions use to facilitate electronic payments and transactions across the U.S. What are ACH payment remittance details? How often are NACHA rules updated?

NACHA 52
article thumbnail

ACH Reversals vs. ACH Returns: What’s the Difference?

EBizCharge

The most common transactions sent over ACH include electronic funds transfer (EFT), employee payroll direct deposits, and electronic bill payments. government to send payments such as tax refunds, Social Security benefits, and other government assistance programs. How do ACH returns work?

ACH 52