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New NACHA Rule Could Catch Payment Processors, Merchants, FIs Off-Guard

PYMNTS

For a rule that comes into effect on January 1, 2020, NACHA says that “ACH originators of WEB debit entries are required to use a commercially reasonable fraudulent transaction detection system to screen WEB debits for fraud.” The rule change is the subject of a recent white paper published by GIACT. New NACHA Rule.

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ACH Fraud Is Rising - And New NACHA Measure Leaves Gaps

FICO

NACHA, the payments clearing house through which ACH transactions flow, reported a banner year in 2020, posting an 8.2% Additionally, ACH internet transactions rose 15% from 2019 to 2020. As it happens, 2020 was a banner year for ACH fraud, too. increase in volume and a 10.8%

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