Neach Payments Group - ACHRules Fraud

News

New Nacha Rules Zero in on Credit-Push Fraud

3/19/2024 -

Nacha members have given the green light to 15 revisions to the Nacha Operating Rules. Most of the series of new rules are aimed at diminishing the occurrence of fraudulent activities, including instances like business email compromise (BEC), which exploit credit-push payments. These rules institute a foundational level of ACH payment oversight across all entities within the ACH Network (excluding consumers). While the responsibility for ACH payments remains unchanged by these new rules, receiving financial institutions (RDFIs) will, for the first time, be tasked with a specific role in scrutinizing the ACH payments they accept.

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