Payments 2024 ACH Rule Changes and Updates Last year was a quiet year for rule changes and updates, and Nacha took additional time this year to review comments and feedback submitted for the proposed rules for 2024. But nevertheless, last month, Nacha approved several rules and amendments to the rules for this year, and a good portion
Payments Nacha’s New Risk Management Framework: A Swift Response to Credit-Push Fraud Taylor Swift isn’t the only one who has reinvented herself multiple times…so has our infamous friend, fraud. Just like the evolution from Fearless to Midnights, fraud has shifted from mostly unauthorized ACH debits from an individual’s account to authorized ACH credits from someone’s account. These authorized
Payments Must-Know Pieces of the FedNow® Service Puzzle Solving puzzles is one of my favorite hobbies. In fact, we had an office party a few months back and one of the activities that we had available to us was a puzzle of our fellow colleagues. I spent over half the day working on that puzzle, completely distracted and
Payments All the Buzz About The FedNow® Service Word around the hive is there’s a new “queen bee” in town, and I’m here to tell you that it’s true! (Although, someone might want to break it to Beyoncé.) There is a new payments rail buzzing about — called The FedNow® Service. This new instant payment rail
