News and Info
Same Day ACH Volume Climbs 88%, Passes 1 Billion Milestone
Digitizing Payments: The Online Account Opening Experience examines current financial institution practices and procedures to safely manage online account opening, and to detect, evaluate, and mitigate associated risk throughout the online account opening process.
Effective March 19, 2021
If your organization allows consumers to make purchases or payments via the internet or mobile devices and uses ACH WEB debits to withdraw payments from their checking accounts, this rule applies to you. This rule is intended to help prevent fraud on the ACH Network and protect financial institutions from posting fraudulent or incorrect unauthorized payments. Merchants and billers (and their processing partners) are in the best position to detect and prevent fraud related to payments they are initiating.