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Nacha Adopts New Rules To Modernize ACH Payments

PYMNTS

Nonprofit Nacha , which enables Automated Clearing House ( ACH ) payments, has adopted eight new amendments to the Nacha Operating Rules that a press release said will help to modernize the payment style. Nacha will now have more authority to enforce rules on "egregious violations," according to the release.

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Nacha Provides Guidance On Voice Payments, Cybersecurity

PYMNTS

Nacha , the nonprofit that manages the movement of trillions of dollars in electronic payments, announced the debut of voice payments and cybersecurity resources on Thursday (Sept. Nacha was originally known as the National Automated Clearing House Association.

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NACHA Takes Collaborative Approach On API Standardization

PYMNTS

As banks, FinTechs and a variety of software development firms explore the waters of payments and information exchange and collaboration, NACHA says there is a new idea to consider: API standardization. . financial services space.

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NACHA Picks Five APIs To Improve Payments

PYMNTS

5) that it released a Meeting Summary Report and Overview Document from the latest meeting of the API Standardization Industry Group. The Electronic Payments Association and the Payments Innovation Alliance announced Wednesday (Oct. financial services industry.

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ValidiFI Adds Authoritative Bank Account Verification to its vAccount+ Suite

Finovate

Built with AI and machine learning, the enhanced suite supports compliance with NACHA regulations and helps banks, lenders, and fintechs make smarter, faster decisions at scale. This is in contrast to traditional verification methods that rely on information supplied by the user, manual document uploads, or even micro-deposits.

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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 Is an ACH API and How Does It Work?

Stax

The way a typical ACH transfer works is as follows: You will initiate the transaction as the originator by sending a Nacha formatted data file containing information about the desired payment to your bank which is called the ODFI (Originating Depository Financial Institution). If a solution doesn’t have documentation, that’s a red flag.

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