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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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ValidiFI Adds Authoritative Bank Account Verification to its vAccount+ Suite

Finovate

Built with AI and machine learning, the enhanced suite supports compliance with NACHA regulations and helps banks, lenders, and fintechs make smarter, faster decisions at scale. The new tools include vAccount+ Verify and vAccount+ Coverage , which will help firms onboard customers, initiate ACH payments, and detect fraud with higher accuracy.

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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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NACHA, FPC Team For Faster Payments Playbook

PYMNTS

NACHA and its Payments Innovation Alliance announced that it is working with the U.S. The Alliance — made up of corporations, third-party processors, FinTech firms and FIs — is playing an important role in helping organizations to better understand faster payments.

FPC 50
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NACHA Expects ACH Transactions To Rise

PYMNTS

According to a NACHA survey, 82 percent of financial institutions surveyed anticipate that Same Day ACH debit volume will grow at a rapid or steady rate. NACHA reported same-day ACH debit and credit transactions hit 15.2 At that time, NACHA said the total number of same-day ACH transactions reached 75.1 billion transferred.

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How to Choose Between EFT vs ACH: A Comprehensive Guide

Stax

ACH payments are grouped and then processed in batches four times per business day by the National Automated Clearing House Association (NACHA). For example, ACH transfers use the Automated Clearing House network, while debit card transactions rely on either a card network (Visa or Mastercard) or a payment processor (Paypal, Stripe, etc.).

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No Fraud Spike With Same Day ACH, Says NACHA

PYMNTS

NACHA wants to quell any anxieties about the rollout of Same Day ACH, and the latest data from the payments group should breathe new confidence in banks that have adopted the technology. NACHA also examined corporate use of Same Day ACH services, with 84 percent of banks saying they had originated services for mid-sized firms.