PYMNTS

MAY 10, 2019

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.

Nacha Rules 71

Nacha Rules NACHA Rules Account Validation 71

EBizCharge

JULY 16, 2024

Ensuring compliance with NACHA requirements is crucial for financial institutions, as it guarantees the secure, efficient, and reliable handling of electronic payments. Authorization requirements Before initiating ACH debit transactions, NACHA requires that entities obtain explicit, written authorization from the customer.

NACHA 52

NACHA Nacha Rules ACH Network ACH 52

Stax

JULY 9, 2024

More and more, cash-only businesses are falling by the wayside, unable to keep up with consumer demand for convenient electronic payments. EFT payments are a cost-effective solution for both businesses and consumers. In contrast, EFT payments significantly reduce these expenses as transactions are processed electronically.

Electronic Fund Transfer Act (EFTA) 88

Electronic Fund Transfer Act (EFTA) ACH Electronic Funds Transfer (EFT) Funds Transfer 88

Payment Savvy

OCTOBER 8, 2024

To help combat this, many businesses and consumers turn to direct debit as an efficient, automated solution. But what exactly is a direct debit, and how does it work? Direct debit allows businesses to automatically collect payments from a customer’s bank account once authorization is given. How Does Direct Debit Work?

ACH 52

ACH Credit Cards ACH Network Authorization 52