article thumbnail

New NACHA Rule Could Catch Payment Processors, Merchants, FIs Off-Guard

PYMNTS

Getting there is a long road with many twists and turns, with guidance provided not only by back-end technology but also by updated rules from organizations with a governing role across the payments industry. The rule change is the subject of a recent white paper published by GIACT. New NACHA Rule.

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. Under NACHA’s operational guidelines, entities are expected to establish risk management practices proportional to the extent and nature of their ACH activities.

NACHA 52