Change is Coming... Again: More Same Day ACH rules are coming down the pike, beginning this fall. Like the previous set of Same Day ACH rules, the next batch will be introduced in three phases. Here’s what you need to know.
Brush Up On Your ACH Training: Catalyst Corporate’s Training Department offers ACH training webinars several times a year. Did we mention it’s free? AND Accredited ACH Professionals are eligible to earn continuing education credits! With upcoming classes on ACH origination, online administration of ACH and ACH audit requirements, there are plenty of opportunities to explore the many facets of ACH. Don’t miss out – view the training schedule and register through the links to the individual sessions.
ACH vs. Other Faster Payments – How Do They Differ? There’s a lot of talk about accelerating payments today, and it can be confusing. In addition to NACHA’s Same Day ACH initiative, a new real-time payments network (RTP) is on the scene, and the Federal Reserve is evaluating faster payments processes. So, what’s the difference?
NACHA Enhances R17 Return Code: Effective June 21, 2019, ACH transactions received with an invalid account number or no account found at the credit union may be returned with the Return Reason Code of “R17” and the word “QUESTIONABLE” in the addenda field. More information available at www.nacha.org.
Tips of the Trade: As a Catalyst Corporate ACH user, you have access to several resources that can help make your job easier. Find out more about the following tools: ACH Overview, a Quick Guide to ACH Charts and Common ACH Return Reason Codes.