Remove B2B Remove Nacha Rules Remove Third-Party Service Provider
article thumbnail

Rethinking Checks’ Role In B2B Payments Friction

PYMNTS

This creates an interesting predicament for B2B payments disruptors: Should technology be used to make paper checks less friction-filled, or should it be used to entice businesses away from the paper check altogether? ACH payments are subject to NACHA rules and require you to store bank information for payees,” he said.

article thumbnail

How to Stay Compliant with NACHA Requirements

EBizCharge

Ensuring compliance with NACHA requirements is crucial for financial institutions, as it guarantees the secure, efficient, and reliable handling of electronic payments. NACHA’s detailed operating rules help prevent fraudulent transactions and safeguard the integrity of electronic transactions across bank accounts and financial accounts.