Nacha members have approved a set of rules intended to reduce the incidence of frauds, such as business email compromise (BEC), that make use of credit-push payments. Nacha governs the ACH Network, the payment system that enables Direct Deposits and Direct Payments in the US…. Read More
Read more in: Global, Fintech, General News | Tagged ach, fraud, fraudulent activities, nacha, payments
MX is now a Nacha Preferred Partner Program for Risk Management and Fraud Prevention. In becoming a Preferred Partner, MX joins a select group of innovators that Nacha recognizes for offering products and services that align with Nacha’s core strategies “to advance the ACH Network.”… Read More
Read more in: Fintech | Tagged ach network, fraud prevention, mx, nacha, risk management
Dwolla, a Fintech powering innovation with sophisticated account-to-account payment solutions, “celebrates” Nacha‘s announcement of the Same Day ACH transaction limit increase “from $100,000 to $1 million.” Effective March 18, the $1 million limit was “applied to all Same Day ACH transactions.” Dwolla expects this update… Read More
Read more in: Fintech | Tagged account-to-account payments, digital technology, digital transactions, dwolla, fintech adoption, fintech trends, nacha, payment technology, payments
Nacha‘s Payments Innovation Alliance has created a legal and risk mitigation resource guide for financial institutions seeking “to implement voice payments capabilities and applications (skills) through smart devices, such as the Amazon Echo and Google Nest.” As part of the series of Alliance Executive Briefings… Read More
Aliaswire, a provider of digital payment and credit solutions, today announced the addition of a new bank account validation (BAV) solution for banks and their commercial clients. The company said it is in preparation for the pending enforcement of a new web debit rule which… Read More
Aliaswire, a provider of digital payment and credit solutions for businesses and financial institutions, and Nacha have revealed that Aliaswire will be joining the Phixius Peer-to-Peer Network for the exchange of payment-related data. Established and operated by Nacha, the Phixius Peer-to-Peer Network enables participants to… Read More
Read more in: Fintech | Tagged ach, ach network, boston, digital payments, jed rice, nacha, payments, peer to peer, united states, us, virtual payments
Nacha, a nonprofit organization that convenes hundreds of diverse organizations to enhance and enable ACH payments and financial data exchange within the U.S. and across geographies, announced on Thursday it has named Plaid as one of its preferred partners for account validation. According to Nacha,… Read More
Read more in: Fintech | Tagged fintech, nacha, partnership, plaid
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