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Important NACHA Changes: Account Validation

Payment Savvy

This accounts for close to 82% of all U.S NACHA worries this high volume of transactions on the ACH network opens the way for fraud. As such, they are pushing for more robust controls against fraud, and one of them is this new rule that requires account validation. Account Validation Approaches.

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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.