FedACH Services updates their customers with a run-down of the 2017 phase of Same Day ACH implementation and the participation of the U.S. Treasury.
BankTalent HQ has joined our network of Preferred Vendors. Check out what this talent management website has to offer our Members!
ACH debits become eligible for same-day settlement with the implementation of Same Day ACH Phase 2 on September 15, 2017. This ACH Operations Bulletin provides information to Originating and Receiving Depository Financial Institutions, Originators, Third-Party Senders, and software and processing vendors on important aspects of ACH debit processing in a same-day environment. Even those not planning to use same-day processing for ACH debits should take reasonable care to prevent unintentional same-day ACH debits.
This Toolkit educates small businesses on the benefits of using electronic payment types such as Automated Clearing House credits and debits, wire transfers, and credit and debit cards instead of checks. It offers tips on working with bankers and covers what small businesses need to know to get started making and receiving electronic payments. It provides practical information on how to avoid losses due to payments fraud. An extensive resources section has links to additional information.
A large number of ACH Network participants received notice of the Treasury’s Same Day ACH plans. As a result, we wanted to pass along to you the latest update so that you will be prepared for questions you may receive from your members.
This ACH Operations Bulletin provides information to Participating Depository Financial Institutions and their business customers about a specific type of social engineering fraud that is targeting public-sector entities. Fraudsters have used these social engineering techniques to manipulate public-sector entities into redirecting legitimate vendor payments to accounts controlled by the fraudsters. Although any business entity could be the target of this type of social engineering attack, public-sector entities seem to be specifically targeted because their contracting information is often a matter of public record.
Banking assets are the number one remitted property type in most states. Not only does this deplete the assets under your management, ever-changing unclaimed property laws also leave banks and credit unions at risk of non-compliance, which can result in significant fines and penalties. With PAR/WACHA by your side, we can help you retain assets and reduce your risk of non-compliance.
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This year, NACHA, the Regional Payments Associations, and more than 1,700 organizations will be celebrating National AAP Recognition Day in unique ways across the country. Learn about being an Accredited ACH Professional - Register for PAR/WACHA's FREE Webinar!
Strong Transaction Volume Consistent with Expectations
HERNDON, Va., Nov. 15, 2016 – NACHA —The Electronic Payments Association® released Same Day ACH transaction volume data for October, the first calendar month following Phase 1 implementation on Sept. 23, 2016.
The Payments Innovation Alliance released the white paper, “The Winning Mobile Wallet Solution” last week on Monday, April 18th. You can find the documents under the Member Resources Tab on the Alliance Exchange home page, or click to go directly to the white paper or its companion document. The press release announcing the paper’s availability can be found on the NACHA website at https://www.nacha.org/news/nachas-payments-innovation-alliance-releases-new-white-paper-winning-mobile-wallet-solution. The paper can be downloaded from the Alliance Exchange as well as from the main NACHA website.
Now Available in the Members Only Section (ACH Rules Updates)
While convenient, they’re often unsecure. So how can you reduce your risk? Encryption — having your information scrambled into code — is key to staying secure online.
In light of the increasing volume and sophistication of cyber threats, the Federal Financial Institutions Examination Council (FFIEC) developed the Cybersecurity Assessment Tool to help institutions identify their risks and determine their cybersecurity preparedness.
NACHA Voting Membership approves 9 ballots. Select the title to read more.