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

PYMNTS

In a new PYMNTS interview, David Barnhardt, executive vice president of product at GIACT , which offers fraud detection and account validation tools, talks about an upcoming change by NACHA, national administrator of the ACH network, to make internet-initiated debit transactions (WEB debits) safer and more seamless. New NACHA Rule.

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5 Benefits of ACH Payments Over Check Payments

Stax

In fact, NACHA, the nonprofit that governs the ACH payments network reported 6.1% According to NACHA, most ACH transfers process the same or next-day. In 2020 there was an average of 1.4 A recent study by the Better Business Bureau states that fraud and identity theft rose by 45% from 2019 to 2020.

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