ACH Originators are currently preparing for an upcoming NACHA Operating Rule. A screening requirement will be supplemented to make it explicit that account validation is part of a commercially reasonable fraudulent transaction detection system. An extension of the effective date of this Rule allows for additional time, education and guidance to the industry to put processes in place. But what are some of the solutions that exist for account validation?
In an effort to assist with this educational need, NACHA — in cooperation with its Preferred Partners — is showcasing solutions for account validation in a week-long, complimentary webinar series.
Watch the on-demand webinar to learn more about the Rule, the potential impacts, as well as options available to help you comply with the Rule that goes into effect March 19, 2021.