Adhering to Nacha’s Fraud Risk Management and Monitoring Rules
SWBC's LenderHub
AUGUST 18, 2022
As of March 18, 2022, Nacha’s account validation rule requires ACH originators of WEB entries to use a commercially reasonable fraud detection system to verify the first time a consumer checking account is used for an electronic (ACH) payment, if the payment is initiated over an online channel, the account number must be validated first.
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