PYMNTS

OCTOBER 4, 2020

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. In addition, the new rules make explicit which scenarios are not appropriate for reversing ACH payments.

NACHA 113

NACHA ACH Rules Nacha Operating Rules 113

PYMNTS

OCTOBER 6, 2020

Nacha Adopts Eight ACH Payment Updates. Nacha has adopted eight updates to the Nacha Operating Rules that the group, which enables Automated Clearing House (ACH) payments, said will help modernize the payment style. The amendments regard Same Day ACH and new methods of making ACH payments simpler to use.

Contactless Payments 96

Contactless Payments Innovation NACHA Nacha Operating Rules 96

Payment Savvy

NOVEMBER 10, 2022

This type of single entry debit entries is initiated based on written authorization, as well as account information such as the consumer’s routing number or account number, which is taken from a source document, or simply a check. All this is happening at the point of purchase and the check is returned to the customer. .

SEC Codes 52

SEC Codes ACH ODFI Wire Transfer 52