This list provides National Automated Clearing House Association (NACHA) resources that have information about rules, payments fraud and related risks.
This rule requires Originating Depository Financial Institutions (ODFIs) to identify and register their existing Third-Party Sender (TPS) customers by March 18, 2018 and thereafter register their new TPS customers within 30 days. The registration process will promote consistent customer due diligence among all ODFIs, and serve as a tool to support NACHA's continuing efforts to maintain ACH Network quality.
For ODFIs with Third-Party Sender customers, this Rule requires an ODFI to provide basic registration information for each Third-Party Sender:
The registration requirement will apply to Third-Party Senders that are the ODFI's direct customers, as well as those other Third-Party Senders that are direct customers of the first Third-Party Sender, otherwise known as "nested" Third-Party Senders.
Here are the Third-Party Senders obligations to the ODFI:
This Rule is intended to improve ACH Network quality by reducing the incidence of ACH debits that are returned as unauthorized. Under this Rule, an Originating Depository Financial Institution would pay a fee to the Receiving Depository Financial Institution for each ACH debit that is returned due to a reason of unauthorized. This Rule will become effective beginning with applicable return entries that have a settlement date of October 3, 2016.
Unauthorized return reasons include:
This Rule enables same-day processing of ACH payments providing Originators the ability to send a same-day ACH transaction for up to $25,000 to an account at any Receiving Depository Financial Institution (RFDI). All RDFIs would be required to receive same-day ACH payments, thereby giving originators the certainty of being able to send same-day ACH payments to accounts at all RDFIs.
Potential use cases for same-day ACH include:
Originating Financial Institutions (ODFIs) would be able to submit files of same-day ACH payments through two new clearing windows provided by the ACH operators:
This Rule is being implemented in a three-phased approach:
This Rule is intended to improve overall quality of the ACH Network by reducing the incidence of returned entries and the associated costs and reputational risk that such returned entries impose on the ACH Network and its participants.
Reduce Unauthorized Return Rate Threshold
Establish an Inquiry Process For Administrative and Overall Return Rate Levels
Re-initiation of Entries
This Rule provides an automated mechanism to resolve situations in which a Reversal Entry has resulted in an unintended credit to the Receiver. An unintended credit occurs when either:
This Rule reduces the previous six banking day waiting period to three banking days between the initiation of a zero dollar Prenotification Entry and “live dollar” Entries. Originator may now initiate a “live” Entry to a Receiver’s account as soon as the third banking day, provided that the Originator has not received a return or Notification of Change (NOC) related to the Prenotification. A Prenotification provides notification to the Receiving Depository Financial Institution that the Originator intends to initiate Entries to a Receiver’s account in accordance with the Receiver’s authorization.
This Rule establishes a Receiving Depository Financial Institution’s right to request, and an Originating Depository Financial Institution’s obligation to provide, proof of authorization for an Entry to a corporate account. The Originator is required to provide proof of authorization or Originator’s contact information, which should help facilitate resolution of dispute over the validity of the Entry. The proof of authorization or contact information is required to be provided within 10 banking days.
Mandatory use by Originating Depository Financial Institutions and Third-Party Senders by March 20, 2015
This Rule enables a credit version of the Internet / Mobile Initiated Entry (WEB) Standard Entry Class Code to be used when a credit transaction from one consumer account to another is authorized over the Internet. The Rule also addresses exceptions, indemnifications, and statement and formatting requirements that are unique to a credit (WEB) Entry.
This Rule clarifies the manner in which countries must be identified within an International ACH Transaction Entry, eliminating the potential for ambiguity in identifying countries to or from which Entries are directed.
This Rule establishes obligations and formatting requirements for Inbound International ACH Transactions to identify both parties that are ultimately being debited and credited.
This Rule establishes the following minimum data security obligations for ACH Network participants to protect ACH data:
This Rule recognizes that a stop order on a business account will lapse at the earliest of one of three conditions: (1) six-month expiration (2) withdrawal of the order (3) return of the debit Entry.
This Rule establishes standards to support health plans’ and healthcare providers’ use of the ACH Network for healthcare claims payments and payment-related information. This Rule includes processing enhancements and transaction identification and formatting requirements specific to healthcare claim payments. The following are major components of the Rule:
This Rule makes the response to Notifications of Change (NOCs) for Single Entry payments optional. Single Entry payments can be originated using the following Standard Entry Class Code: Accounts Receivable, Back Office Conversion, Point-of-Purchase Return Check, Telephone–Initiated and Internet/Mobile Initiated entries.
This Rule will allow the return of a debit Entry to a Consumer Account within 60 days of the Settlement Date for an “Incomplete Transaction,” which is defined as a transaction for which a Third-Party Sender debits a consumer’s account to collect funds, but does not complete the corresponding payment to the party to which payment is owed.
This Rule reduces the Return Rate Reporting period from 60 days to 30 days during which an Originating Depository Financial Institution is required to reduce its Originator’s return rate below the threshold before the initiation of a Rules enforcement proceeding.
The Data Passing Rule will prohibit sharing of certain customer information by Originators, Third-Party Service Providers and Originating Depository Financial Institutions for the purpose of initiating debit Entries that are not covered by the original authorization.
This Rule revised the warranty of compliance with foreign payment system rules for Outbound International ACH Transactions (IAT) Entries, narrowing its scope to focus only on authorization of the Entry when such authorization is required by the laws or payment system rules of the receiving country.