Links in “NACHA”

NACHA has enhanced its XML-ACH Remittance Opt-In Program by allowing businesses to use the ACH Network to transmit ISO 20022 remittance messages. This is the first step to ISO 20022 adoption in the USA. [10/21/14]

NACHA has been stepping up its game this year with the formation of a Board Advisory Group and a Payments Innovation Alliance, and now NACHA has launched a new strategic corporate relations program. [10/17/14]

There are only 10 days left until NACHA’s webinar takes place. If you are interested in NACHA’s operations rules update, register now! [10/6/14]

NACHA (the Electronic Payments Association) is switching things up when it comes to the enforcement authority for violations of NACHA operating rules. [9/17/14]

NACHA announced Wednesday the formation of a board advisory group. The group will consist of representatives from ACH network participants of a balanced cross-section of different types and sizes of businesses. The intention of the advisory group is to provide a more formal means for non-financial institutions and users of the ACH network to communicate with the NACHA Board of Directors. [9/4/14]

NACHA has announced amendments to its Operating Rules that it believes will reduce the number of ACH transactions that result in exceptions and returns. Among other changes, the new rules lower the existing threshold for unauthorized transactions and expand NACHA’s authority to enforce rules related to unauthorized transactions. Furthermore, they've adopted fraud detection rules for investigating "outlier" transactions. See more coverage on the story here and here. [8/27/14]

Recently, NACHA (The Electronic Payments Association that was formerly called the National Automated Clearing House Association) released a new document called the Sound Business Practices for Evaluating Customer Risk. AffirmX’s Senior Analyst Coppelia Padgett gives us an overview of this important new guidance.

NACHA issues resource designed to help financial institutions assess risks associated with their ACH originator accounts. [6/11/14]

NACHA has resurrected a 2012 proposal to speed up the processing of electronic transfers. Although it would allow consumers to use deposited or transferred funds the very same day, the new proposal would require expensive technological implementations—and some institutions don't want those growing pains. [3/20]

ACH transactions with high levels of return often signify potential fraud and related issues. FTC supports reduction (1% to 0.5%) for triggering an inquiry and/or conducting monitoring. [1/27]