On-Demand Webinar: Meeting New NACHA Rules for Fraud Detection in ACH Web Debits
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As more and more consumers use their bank accounts to pay bills online, ACH transactions are increasingly targeted by fraudsters as a way to take over accounts and steal funds. As a result, NACHA, the national administrator of the ACH network, has adopted a new rule requiring that all ACH payment originators add account validation to their fraud detection system by March 19, 2021.
Watch our on-demand webinar to learn how account validation works to protect ACH transactions, and why some account validation tools perform better than others. You’ll also see how you can use technology to not only validate accounts, but also verify account ownership and account balances – all in seconds. And we’ll walk through the steps needed to comply with NACHA’s rule, prevent fraud, and manage risk, quickly and cost-effectively.
Watch to hear:
Why NACHA’s new rule differs from existing policy
How to add account validation to your fraud prevention system
Ways to increase the reliability and speed of ACH transactions
Solutions for reducing fraud and returned payments