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Important NACHA Changes: Account Validation

Payment Savvy

Starting March 19, 2021, the National Automated Clearing House Association (NACHA) will require businesses to perform online verification of bank accounts before they accept or process ACH payments. This network allows transfers from and to different banks for the payment of goods and services.

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NACHA Adds 9K Third-Party Senders, Expands ACH Payments

PYMNTS

NACHA , the electronic payments association, announced that banks and credit unions have registered 9,403 third-party senders as of the March 1, 2018 deadline. In a press release , NACHA said the rule, which took effect on Sept. In a press release , NACHA said the rule, which took effect on Sept.