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

PYMNTS

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. New NACHA Rule.

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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. NACHA’s detailed operating rules help prevent fraudulent transactions and safeguard the integrity of electronic transactions across bank accounts and financial accounts.

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Rethinking Checks’ Role In B2B Payments Friction

PYMNTS

ACH payments are subject to NACHA rules and require you to store bank information for payees,” he said. Variety is important, Chanda said, as is making sure a service provider is able to meet the needs of both sides of the transaction. Vendor relationships are the lifeblood of our clients’ operations,” he said. “We

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What Is a Direct Debit?

Payment Savvy

Here’s how it works: Select the Payment Option : When purchasing or subscribing to a service, look for the option to pay via direct or ACH debit. This option is commonly available for recurring payments like utilities, insurance premiums, or subscription services. In the U.S.,

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Understanding EDI Payments: Key Differences from ACH and EFT Transactions

EBizCharge

Standards: EDI follows strict international standards for formatting electronic documents, whereas ACH transactions comply with the National Automated Clearing House Association (NACHA) rules. Similarly, EFT involves the electronic movement of money between bank accounts but does differ in a few ways from EDI.

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