Category Archives: NACHA

Our team at Lyons Commercial Data has announced our attendance at the Nacha Smarter Faster Payments 2023 conference in Las Vegas from April 16-19, 2023. As a Nacha Preferred Partner, we will showcase our suite of financial institution data solutions at the conference, including our financial institution account verification and routing number lookup tools.

The Nacha Smarter Faster Payments conference is an annual event that provides a platform for payments professionals from financial institutions, solutions providers, and corporates to engage in educational sessions, explore the latest solutions and services, and network with industry peers. The conference is an opportunity to connect with payment professionals from across the industry, drive innovation, and deliver value through new services and solutions.

At the conference, our team will be available to discuss how our solutions can help organizations streamline payments processing, mitigate risk, prevent revenue loss, and enhance customer experiences.

“Being a Nacha Preferred Partner, we are excited to attend the Nacha Smarter Faster Payments conference and connect with payments professionals from across the industry,” said Alex Buffington, Director of Sales at Lyons Commercial Data. “Our team is looking forward to showcasing our data solutions and demonstrating how they can help organizations drive innovation and deliver value through new services and solutions.”

If you are attending the Nacha Smarter Faster Payments 2023 conference, be sure to visit Lyons Commercial Data at Booth #319 to learn more about our financial institution data solutions and enter to win a SoundLink Mini II Special Edition speaker.

By:

Alex Buffington

Director of Sales – Lyons Commercial Data

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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In 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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