ACHZone

Upcoming Nacha rule change for 2023 

Nacha has rolled out its 2023 ACH Operating Rules and Guidelines. There's only one change happening this year - Phase 2 of the Micro-Entries Rule takes effect March 17! Here are the details:

• March 17, 2023 | Phase 2: micro-entries
  Originators of Micro-Entries will be required to use commercially reasonable fraud detection, including the monitoring of Micro-Entry forward and return volumes
• September 16, 2022 | Phase 1: micro-entries
  The Micro-Entry Rule defines and standardizes practice and formatting of Micro-Entries, which are used by some ACH Originators as a method of account validation.  

Additional details, and a full list of Nacha rule changes, can be found here.

Brand new in 2022: upcoming Nacha rule changes 

The roll out of Nacha's 2022 ACH operating rules will commence soon – with the first new rule change taking effect just next week! Here's a brief look at what lies ahead:

• March 18, 2022 | Same Day ACH dollar limit increase 
  Implementation of this rule will increase the Same Day maximum dollar amount per entry from $100,000 to $1,000,000.  
• June 30, 2022 | Phase 2: Supplementing data security requirements
  This rule will require non-consumer Originators, Third-Party Service Providers and Third-Party Senders – with an annual ACH volume of 2 million transactions or greater – to render account numbers unreadable when stored electronically. 
• September 16, 2022 | Phase 1: micro-entries
  The first of this two-part rule change mandates that all credit Micro-Entries be made in an amount of less than $1.00, and debit Micro-Entries, in total, not exceed the amount of its corresponding credit Micro-Entry. The rule will also require Originators to use the standard Company Entry Description, "ACCTVERIFY."
  *Phase 2 will take effect March 2023

Additional details, and a full list of Nacha rule changes, can be found here.