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How to Stay Compliant with NACHA Requirements

EBizCharge

This article will explore the essential aspects of staying compliant with NACHA rules, such as risk management, data security, authorization protocols, and more, to help institutions maintain the highest standards of operational integrity and customer trust. What is NACHA?

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5 Benefits of ACH Payments Over Check Payments

Stax

ACH transfers, or payments made through the Automated Clearing House network, account for billions of dollars in payments annually. In fact, NACHA, the nonprofit that governs the ACH payments network reported 6.1% The ACH network is governed by a variety of regulatory bodies. in Q4 2021.

ACH
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What Is a Direct Debit?

Payment Savvy

Direct debit allows businesses to automatically collect payments from a customer’s bank account once authorization is given. The terms of the agreement determine the amount and frequency of these withdrawals, and the customer authorizes the business to collect payments as they become due.

ACH
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What is an EFT Payment? Everything to Know About This Method of Payment

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Key regulations governing EFT payments include the National Automated Clearing House Association (NACHA) rules, which establish guidelines for ACH transfers, and the Payment Card Industry Data Security Standard (PCI DSS), which sets security standards for handling card information.