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 consuming your attention in mid-March. But the new $100,000 per transaction threshold definitely offers you […]
Bill Payment / Automated Clearing House (ACH)
The growing popularity of Automated Clearing House (ACH) payments has created a slew of opportunities for fraudsters — and many are taking full advantage.
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 faster. Automated clearinghouse is less expensive, usually costing no more than a few dollars per […]
Direct deposits via the Automated Clearing House (ACH) keeps on rising.
If your company is looking for an added level of security when it comes to electronic payments, ask your bank about this feature.
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 step to guard against fraud. As the originator of the ACH, your company must verify […]
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 it became effective June 30th. You now have one year from the settlement date of […]
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 the new 2019 AFP Payments Fraud and Control Survey. Of course, you encourage your team […]
For A/P, when it comes to making the jump to electronic payments, the question has shifted from “Why should we?” to “Why shouldn’t we?”
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 payments: Myths v. facts A/P software solutions provider Mineral Tree says a good place to […]
It’s full speed ahead in the realm of electronic transactions.
The stats are daunting: 71% of companies were hit by payment fraud last year.
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