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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. New NACHA Rule.

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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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Understanding EDI Payments: Key Differences from ACH and EFT Transactions

EBizCharge

Understanding an EDI payment and how it differs from Automated Clearing House (ACH) and Electronic Funds Transfer (EFT) is pivotal for efficient financial operations in an increasingly digital world. What are the differences between EDI, ACH, and EFT payments? What is an EDI payment?

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What Is a Direct Debit?

Payment Savvy

Throughout this article, we’ll explore direct debit, its benefits, how it compares to other payment methods like ACH direct debit, and how it helps save time and money. In the case of an ACH debit, the authorization is completed electronically. This is usually done by signing a mandate or authorization form on paper or online.

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Rethinking Checks’ Role In B2B Payments Friction

PYMNTS

ACH payments are subject to NACHA rules and require you to store bank information for payees,” he said. Just as check fraud topped the list of threats against the enterprise, 70 percent of companies surveyed by IBM Security said they have also been targeted by a phishing attack, which often involves an ACH or wire transaction.

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