PYMNTS

MAY 10, 2019

The rule change not only could bring more work for financial institutions and payment service providers, but also underscores the effort needed to bring more payments into the digital age with faster speed and more security — all part of that general ideal. The rule change is the subject of a recent white paper published by GIACT.

Nacha Rules 71

Nacha Rules NACHA Rules Account Validation 71

EBizCharge

JULY 16, 2024

Ensuring compliance with NACHA requirements is crucial for financial institutions, as it guarantees the secure, efficient, and reliable handling of electronic payments. All participants in the ACH network, including banks, credit unions, and other financial institutions, must comply with NACHA rules.

NACHA 52

NACHA Nacha Rules ACH Network ACH 52

Stax

NOVEMBER 11, 2024

NACHA Rules and Requirements T he National Automated Clearing House Association (NACHA) is the primary organization overseeing the ACH network. Compliance with NACHA’s rules is crucial for businesses to maintain access to the ACH network, and failure to comply can lead to fines or loss of ACH privileges.

ACH 88

ACH Checks Identity Theft Payments 88

Stax

JULY 9, 2024

Key regulations governing EFT payments include the National Automated Clearing House Association (NACHA) rules, which establish guidelines for ACH transfers, and the Payment Card Industry Data Security Standard (PCI DSS), which sets security standards for handling card information.

Electronic Fund Transfer Act (EFTA) 88

Electronic Fund Transfer Act (EFTA) ACH Electronic Funds Transfer (EFT) Funds Transfer 88

Payment Savvy

OCTOBER 8, 2024

For Businesses: If you’re a business looking to collect payments via direct debit, the setup process involves working with a payment processor or bank to handle the transactions on your behalf. Create a Mandate Form : Once you’ve chosen a payment processor, you must create a mandate form for your customers. In the U.S.,

ACH 52

ACH Credit Cards ACH Network Authorization 52