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NACHA Payments Explained: Achieving ACH Compliance & Efficiency

Paystand

The ACH network ensures cost-effective and seamless electronic transactions.

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NACHA Payments Explained: Achieving ACH Compliance & Efficiency

Paystand

The ACH network ensures cost-effective and seamless electronic transactions.

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Staffing Changes And New Initiatives Announced At NACHA

PYMNTS

Her duties, according to NACHA, include serving as administrator of the ACH network and conducting legal oversight for the NACHA Operating Rules. Larimer had previously served as executive vice president of ACH network services and general counsel. Reporting to Larimer will be other executives moving into new roles.

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ACH SEC Codes

Payment Savvy

XCK – Destroyed Check Entry. * (this Standard Entry Class code can only be used by Federal Government Agency). A number of SEC codes should only be used for customer or retail transactions, while others are reserved for ACH transactions done by the government or businesses. WEB – Internet-Initiated/Mobile Entry.