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A customer overpays by 22 cents, and you refund it by ACH. Is that a Micro-Entry? How about if a customer pays a 93-cent bill by ACH. Is that a Micro-Entry? Are these transactions subject to the new Nacha Micro-Entry Rule taking effect Sept. 16? “Not …
With one new Nacha Rule just taking effect last month and two others right behind in September, Nacha has a wealth of new and refreshed materials to help you along. On June 30, Phase Two of Supplementing Data Security Requirements took effect, expanding …
HERNDON, Virginia, May 31, 2022 – Nacha announced today the addition of Evolve Bank & Trust as a Nacha Direct Financial Institution Member. Nacha now has 44 Direct Members , consisting of financial institutions and Payments Associations (PAs) that …
Nacha announced today the addition of Webster Bank as a Nacha Direct Member. Nacha has more than 40 Direct Members, consisting of financial institutions and Payments Associations (PAs) that collectively represent nearly all financial institutions across …
Changes are coming to the way ACH Network participants use Micro-Entries following approval of a new Nacha Rule —one you should be looking to adopt even before it takes effect. “We know Micro-Entries happen in the ACH Network and they’re a good tool for …
Nacha today announced its 2022 Board of Directors. These Board members are all senior executives representing different sizes and types of financial institutions that utilize the ACH Network and who bring diversity in thought, experience and perspective …
Supplementing Fraud Detection Standards for WEB Debits As the ACH Network grows, part of that growth can be attributed to an increase in consumer payments made via the internet and mobile devices. With that growth comes a need to ensure account …
You’ve got questions. We’ve got answers. Lots of answers. Four new Nacha Operating Rules take effect later this year, and your preparations should be underway. But questions are inevitable and Nacha is here to help. On June 30, 2021, three of the new …
One basic tenet of the Nacha Operating Rules is that an Originating Depository Financial Institution (ODFI) assumes responsibility for many warranties and indemnifications to each Receiving Depository Financial Institution (RDFI) and ACH Operator. Until …