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NACHA Adds 9K Third-Party Senders, Expands ACH Payments

PYMNTS

NACHA , the electronic payments association, announced that banks and credit unions have registered 9,403 third-party senders as of the March 1, 2018 deadline. 29, 2017, calls for financial institutions that originate ACH payments to register their third-party sender customers through the NACHA Risk Management Portal.

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Bill.com achieves NACHA certification

The Paypers

(The Paypers) US-based B2B payments company Bill.com has announced that it has received NACHA certification as an ACH third-party sender.

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Official Payments, Paychex are NACHA certified

The Paypers

(The Paypers) Official Payments , an ACI Worldwide company, and Paychex have joined First Data’s TeleCheck and Payment Data Systems as Third-Party Senders that have become NACHA Certified.

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Securing The Speed Of Securities Transactions

PYMNTS

We have a growing Third-Party Sender portfolio that we monitor closely, and that has us focused on getting ready for the Third-Party Sender registration rule.”. Since the 2016 Payments conference, Stone said that his bank has been “enhancing our risk management capabilities associated with ACH processing.

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The Role Of Reputation In Managing Risk

PYMNTS

As an example, Hennessy noted the recent debut of NACHA’s third-party sender rule, which took effect at the end of September. The rule mandates that financial firms originating ACH transfers must identify and register their third-party sending customers with NACHA.

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For Insurance, Faster Payments Means Nothing Without Data

PYMNTS

As VPay continues that effort, the company recently announced it received certification from NACHA as a third-party sender, a significant vote of confidence for the ACH rail in insurance B2B payments. “That’s the difficult part.” “That’s a positive, in general, for the B2B space.