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How to Stay Compliant with NACHA Requirements

EBizCharge

Navigating electronic payments requires a thorough understanding of compliance standards set forth by governing bodies such as the National Automated Clearing House Association (NACHA) network. What is NACHA? Data security NACHA imposes stringent requirements to protect sensitive financial data.

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What Does Return Mobile ACH Payment Mean?

Payment Savvy

incorrect digits) 2 banking days Unauthorized debit to consumer account using Corporate SEC code R05 The account number of a customer is a personal bank account, not a corporate one (in cases of B2B payments) 60 calendar days Returned due to ODFI’s request R06 Authorization was failed (e.g., types incorrectly, out of sequence, etc.)

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