Remove ACH Network Remove Database Remove Rules
article thumbnail

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

PYMNTS

In a press release , NACHA said the rule, which took effect on Sept. 29, 2017, calls for financial institutions that originate ACH payments to register their third-party sender customers through the NACHA Risk Management Portal. In a press release , NACHA said the rule, which took effect on Sept.

article thumbnail

Important NACHA Changes: Account Validation

Payment Savvy

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. Instead, they send a no monetary value transaction through the ACH network to confirm an account is valid.