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Securing Faster Payments: Addressing the Account Validation Rule

Payments Dive

In advance of Nacha's upcoming WEB Debit Account Validation Rule, slated to take effect on March 19, 2021, this report serves as a guide on how to apply proper account validation measures.

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NACHA 2021 ACH Rule Change Mandates Checking Account Validation For Web Based Payments

Agile Payments

What does the new NACHA ruling around WEB ACH transactions really mean and why has it been implemented?

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Transfeera Enhances Pix Payment Capabilities by Automating Compliance With New Sports Betting Rules

The Fintech Times

The new rules mandate that payments be processed exclusively through bank accounts registered to individual bettors. It also enables deposit verification, ensuring player accounts are active and valid for transactions. These tools look to streamline onboarding and prevent incorrect or fraudulent payments.

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1-NACHA 2021 ACH Rule Change Mandates Checking Account Validation For Web Based Payments

Agile Payments

What does the new NACHA ruling around WEB ACH transactions really mean and why has it been implemented?

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Important NACHA Changes: Account Validation

Payment Savvy

As such, they are pushing for more robust controls against fraud, and one of them is this new rule that requires account validation. Also, as part of the validation process, merchants must ensure any bank account submitted for an ACH transaction is valid. Account Validation Approaches.

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Phixius by Nacha Partners With ValidiFI to Enhance Account Validation Coverage

Fintech Finance

Phixius by Nacha —a trusted, secure, peer-to-peer payment information network—announced today its partnership with ValidiFI , a leading provider of predictive bank account and payment intelligence. This collaboration will expand on Phixius’ current account validation coverage, leading to fewer returns and improving ACH payment quality.

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

PYMNTS

Getting there is a long road with many twists and turns, with guidance provided not only by back-end technology but also by updated rules from organizations with a governing role across the payments industry. The rule change is the subject of a recent white paper published by GIACT. New NACHA Rule. Quick, Secure Validation.