For the first time, RDFIs will have a defined role in monitoring ACH payments they receive. This significant development, approved by Nacha members, aims to combat fraud, including business email compromise (BEC), associated with credit-push payments. As Jane Larimer, Nacha President and CEO, points out, "All participants in the ACH Network have a part to play in reducing the incidence of fraud and recovering when fraud has occurred." Learn more in our April 2024 Innovating Payments Executive Summary— Nacha Rules Take Aim at Credit-Push Fraud: https://lnkd.in/ezsgudgX. Plan to join Sean Carter, AAP, APRP, Mark J. Dixon, CTP, AAP, APRP, NCP, Mary Morrison, AAP, APRP, NCP, CAMS, and Patty Presta for a comprehensive two-part series, "Diving Into the Operation Impact of the New ACH Rules," on May 31 and June 07, 2024, where they will delve into the implications of these new rules, offering insights on implementation, procedures, policy updates, audits, risk assessments, and organizational engagement. 🔍 Curious about engaging with third-party providers? 📝 Wondering about new procedures and policy updates? 🤔 Unsure about ACH audits or risk assessments? Get the answers by registering for Diving Into the Operation Impact of the New ACH Rules: https://lnkd.in/e7y73DN2 #ACH #FinancialServices #FraudPrevention #RegulatoryCompliance #ProfessionalDevelopment
NEACH - New England Automated Clearing House Association’s Post
More Relevant Posts
-
At NEACH U, we understand the power of professional development. Whether you're a lifelong learner or focused on excelling in your current role, our diverse educational programs are designed to enhance both your skills and your organization’s capabilities. Explore our learning tracks tailored to fit your career aspirations and operational needs. For more insights into how NEACH U can benefit you, visit our website: https://lnkd.in/g_PxUBGG
-
The global payments industry thrives on collaboration and the exchange of ideas. At the Nacha Payments Alliance meeting in Berlin, industry leaders gathered to share insights and strategies, emphasizing the need for a united front to tackle common challenges. Payments Professor "Kevin Olsen" highlighted how the event fostered invaluable connections and learning opportunities. Key takeaways from the meeting include: ● Enhanced understanding of diverse regulatory environments ● Opportunities to network with key decision-makers ● Innovative approaches to fraud prevention Kevin noted, "The fact that we get to sit in the room with these people is one thing, but we also get to know them...on a somewhat personal level, but definitely deeper on a professional level." This sentiment underscores the importance of building strong professional relationships to drive the industry forward. Discover more insights by tuning into the latest episode of "Wrestling Payments." https://lnkd.in/dp7TWCQf
-
-
Learn the intricacies of exception handling with Mark Dixon. This is essential listening for navigating complex payments scenarios. 👉 https://lnkd.in/g_PxUBGG
-
Join Mark Dixon at the School of Daily Operations, where he explains NEACH U's commitment to providing members with practical, case-based learning for tough payments decisions. 👉 https://lnkd.in/g_PxUBGG
-
At NEACH U, we offer a strategic approach to professional development that aligns with your organizational goals. By offering courses that range from operations to cash management, employees can "grow up" in their roles, gaining the skills needed for upward mobility and broader operational understanding. With our commitment to affordability, taking even multiple classes remains cost-effective. Discover how NEACH U can help build your team's capabilities while keeping costs low. 👉 https://lnkd.in/g_PxUBGG
-
Randy San Nicolas from Braid Technologies delves into the complexities of managing a team of highly intelligent and driven professionals. He candidly discusses how easy it is to get caught up in the excitement of innovation, especially when the team is working to solve pressing issues for those who need it most. However, Randy emphasizes that Braid’s ultimate challenge is ensuring that their technology solutions are grounded in the realities of the communities they serve. He stresses the importance of remembering that their efforts are not just about developing cutting-edge technology but about making a meaningful impact on the lives of people. For Randy, the true measure of success is the ability of their innovations to genuinely transform community life, making each development not just a technological achievement but a community milestone. Watch the video and see why Braid Technologies won the 2024 NEACH Excellence Award - Big Ideas in Innovation Award.
-
Learn how core values guide Greenfield Savings Bank in their community efforts. Discover the guiding principles behind their daily operations and strategic decisions. Tune in to hear more about their dedicated community service! NEACH proudly recognizes Greenfield Savings Bank as the first-ever recipient of the 2024 NEACH Excellence Award - The Community Impact Award. With over $1 million in donations and staff volunteer time, they truly prioritize community support. Congrats to Greenfield Savings Bank for setting an inspiring example!
-
In a world where speed is currency, Mark Dixon discusses the critical advancements in ACH transaction timings. He explains the mechanisms ensuring funds move faster and more reliably than ever. Tune in for Mark's expert take. 👉 https://lnkd.in/g_PxUBGG
-
2024 NEACH Excellence Awards - Community Impact Winner, Greenfield Savings Bank discusses the impact of their community involvement on business growth. The team shares how visibility at local events and active participation in community initiatives not only retains long-time customers but also attracts new ones. This commitment, extending from the CEO to every bank employee, distinguishes the organization within a competitive financial market. Tune in to hear how they integrate community focus with business strategy for mutual success.
