To keep your ACH payments flowing smoothly, Nacha advises businesses to update financial institution routing number validation tables at least monthly. That may mean more work for your A/P team, but it ultimately means less stress for them because they…
ACH Payments
Many companies are turning to even faster payment methods, such as embedded finance solutions and banking as a service products. In fact, according to a PYMNTS report, more than four out of 10 businesses (41%) are using real-time payments to…
More criminals are targeting your firm’s bank accounts via ACH credit schemes, intercepting payments you’re already making from these accounts. Credit schemes can be harder to target because the payments are often authorized to fraudulent accounts unknowingly by well-meaning Finance…
ACH payments continue to be a popular choice with your peers for electronic payments, and traffic continues to increase on the ACH network. The ongoing COVID-19 pandemic has been one of the major drivers for increasing ACH activity. Over two-thirds…
Good news: Many of your vendors moved from check payments to ACH. Bad news: Criminals will try to find a way to hijack money that’s supposed to go to them by changing or stealing their banking info. Vulnerabilities that contribute…
New research proves just how critical it is for your company to keep moving toward electronic payments via ACH – and how expensive it is to keep cutting paper checks. Data from the 2022 Payments Benchmarking Survey, released by the…
Whether your company relies on ACH for direct deposit, electronic funds transfer (EFT) or other reasons, you should know changes are coming. This, after Nacha already made about a half dozen changes during 2021. For example, on March 19, 2021,…
Getting as many vendors as possible to accept electronic payments remains an ongoing goal for companies of all sizes. On the front lines in that quest? Your Accounts Payable department. They have a lot to gain from a more paperless…
Early funds availability is causing headaches for many employers. And it's only the beginning. Certain banks let workers access their pay earlier than the settlement date when they receive ACH credits toward customers’ accounts. So, if payday is Thursday, these…
The Automated Clearing House (ACH) Network is soaring to new heights, so there’s never been a better time to ramp up ACH adoption and usage. In fact, the network set two new records in the first quarter of 2021: In…
There's a great enhancement coming for companies that take advantage of Same Day Automated Clearing House (ACH) and send or receive high-dollar payments. Nacha has approved a proposed rule to increase the Same Day ACH dollar limit to $1 million…
We’re just a few months away from the start of the next round of improvements to same-day automated clearinghouse (ACH) payments. And you just received some new resources to help you make the most of them. (more…)
