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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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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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