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

PYMNTS

In a new PYMNTS interview, David Barnhardt, executive vice president of product at GIACT , which offers fraud detection and account validation tools, talks about an upcoming change by NACHA, national administrator of the ACH network, to make internet-initiated debit transactions (WEB debits) safer and more seamless. New NACHA Rule.

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How to Stay Compliant with NACHA Requirements

EBizCharge

Navigating electronic payments requires a thorough understanding of compliance standards set forth by governing bodies such as the National Automated Clearing House Association (NACHA) network. What is NACHA? Data security NACHA imposes stringent requirements to protect sensitive financial data.

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5 Benefits of ACH Payments Over Check Payments

Stax

In fact, NACHA, the nonprofit that governs the ACH payments network reported 6.1% According to NACHA, most ACH transfers process the same or next-day. NACHA Rules and Requirements T he National Automated Clearing House Association (NACHA) is the primary organization overseeing the ACH network.

ACH
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What Is a Direct Debit?

Payment Savvy

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
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What is an EFT Payment? Everything to Know About This Method of Payment

Stax

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.