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With electronic payments growing in popularity, it’s more important than ever to guard against fraud, prevent chargebacks, and streamline payment processes. Account validation is critical for a secure FinTech payment process, and soon, it’ll even be required. Starting March 2021, Nacha, the Electronic Payments Association overseeing the ACH network, will require businesses that debit funds from bank accounts to use account validation to screen web debts for fraud.
Fortunately, it’s not difficult to implement a seamless and secure account verification solution that meets Nacha’s requirements. As a Nacha preferred partner, we can show you how.
In our on-demand webinar, we’ll discuss:
The details of Nacha’s 2021 account validation rule and how to meet it
How you can start creating payment solutions in under an hour with Quickstart
Ways to confirm the existence of accounts and verify balances in real time
Where to get help when building your payments experience