Businesses that utilize the ACH network for banking should know that Nacha has amended its operating rules. A new format for the Company Entry Description field must be used by March 20, 2026. Nacha says that’s a “no later than”…
Bill Payment / Automated Clearing House (ACH)
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…
Failed B2B payments can be disruptive in areas beyond cash flow. For instance, if your bank has to repeatedly put in extra work to process ACH payments, there’s a chance they could stop making the necessary changes to pay files…
To accommodate the needs of as many vendors as possible, your business may need to use a combination of electronic payment methods. Electronic payments are a win-win. Your vendors will love that they can get paid faster and your CFO…
You know that increasing electronic payments and decreasing paper checks streamlines your company's finance operations in a big way. But what about those vendors your company works with that still don’t accept e-payments? How can you win them over? Electronic…
When it comes to electronic funds transfers, your top two choices are automated clearing house (ACH) and wire transfers. But what’s the difference between them? Answer: A couple of things stand out. For example: With same-day processing, wire transfers are…
Have an Automated Clearinghouse payment dispute? Then your company will have to act fast. Nacha has a new rule that limits the timeframe a Receiving Depository Financial Institution (RDFI) can make a claim against the originating institution’s authorization warranty. And…
Nacha’s WEB Debit Account Validation Rule kicked in on Friday. However, if you’re not completely ready, you catch a break. Under the rule, if you rely on automated clearinghouse (ACH) debits from customer accounts, you now have to take another…
In March, a new higher per-transaction threshold for same day automated clearinghouse (ACH) payments kicked in. And with it came new concerns from your peers. Time to debunk dome same day ACH myths! Admittedly, you probably had many other things…
Today, your finance team must do more than ever before to ensure that company money stays where it belongs. Payment fraud just spiked to a new high. A staggering 82% of companies said they were hit last year, according to…
It's full speed ahead in the realm of electronic transactions. (more…)
Direct deposits via the Automated Clearing House (ACH) keeps on rising. (more…)
