Visit Us At The Nacha Smarter Faster Payments 2023 Conference
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 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.
NACHA Upcoming Changes for Online ACH Transactions
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. […]