Category Archives: NACHA

  1. Jan 2021

    07

    NACHA 2021 Rule Change - What You Need to Know to Be Ready

    David Hamner

    Comments Off on NACHA 2021 Rule Change – What You Need to Know to Be Ready

    On March 19, 2021, the new NACHA 2021 rule change must be implemented by merchants accepting ACH payments via the web.

    This article will detail why, what, and what methodologies merchants can use to be NACHA Compliant on March 19, 2021.
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  2. May 2020

    20

    NACHA Upcoming Changes for Online ACH Transactions

    Lyons Commercial Data

    Comments Off on NACHA Upcoming Changes for Online ACH Transactions

    nacha account validationIn early 2021, NACHA will be changing compliance standards for routing number and account verification used for internet payments (WEB debits). The current iteration of the WEB Debit Account Validation Rule (Article Two, Subsection 2.5.17.4) states that originators of WEB debit entries must use a “commercially reasonable fraudulent transaction detection system” to screen for fraud. Beginning March 19, 2021, the wording of the rule will update to require “account validation” to be part of fraud screening systems.
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