Safeguarding ACH Payments and Addressing Nacha Compliance
The ACH network is coming off of a record year with nearly 27 billion payments, totaling $61.9 trillion, in 2020. Banks and credit unions, along with their customers and members, now rely on the ACH network to complete all manner of transactions.
As the share of payments has evolved quickly towards faster, digital channels, fraud operators have spied an opportunity to take advantage of ACH’s speed. Fraudsters are increasingly using the ACH network as a vehicle to misdirect funds through a combination of established and emerging fraud tactics.
Meanwhile, Nacha, the ACH network’s governing body, has put into place a new Account Validations rule meant to safeguard ACH transactions. Banks and credit unions are expected to comply.
Join the experts from Advanced Fraud Solutions at 2PM ET Tuesday, October 19, as they discuss the latest threats to faster payments; how to best safeguard ACH transactions; and what measures banks and credit unions can take to meet Nacha’s account validation requirements.
The webinar will also feature Advanced Fraud Solutions’ latest ACH fraud mitigation tool, TrueACH with Account Validation.
Ted Kirk, VP of Strategic Partnerships, Advanced Fraud Solutions
Jordan Bothwell, Director of Business Development and Strategic Initiatives, Advanced Fraud Solutions
What You’ll Learn
- The latest threats to faster payments;
- How to best safeguard ACH transactions; and
- What measures banks and credit unions can take to meet Nacha’s account validation requirements.