ACH Payment Processing Rule Change 2021: WEB Transaction Account Verification

ACH Payment Processing Rule Change 2021: WEB Transaction Account Verification

Companies that accept ACH payments online: are you prepared for Nacha’s coming rule changes? Nacha, the governing body in charge of maintaining the safety and security of the ACH payment network, has created new guidelines for accepting WEB debits. What is Changing? The new Nacha guidance, the WEB Debit Account Validation Rule, has specified a need to pre-transaction screenings of …

Top ACH Payment Processing Questions

Top ACH Payment Processing Questions

Offering to accept ACH payments is a low-cost way to deliver greater convenience to your consumers. In fact, the more payment types and payment channels you provide, the more revenue your business will bring in. But on the back-end, ACH payment processing and reconciling works differently from credit card payments. Here are some of the most frequently asked questions merchants …

What to Know About ACH Return Codes

What to Know About ACH Return Codes

Accepting Automated Clearing House (ACH) payments can provide added convenience to customers during the payment process while increasing revenue for your business. Unfortunately, no payment method is without hurdles. In the case of ACH, the most common hurdle to overcome is understanding and addressing codes for returned payments. There are many ways an ACH transaction might get returned. Sometimes it …