Title:F.A.Q. on Stimulus Checks, Unemployment and the Coronavirus Plan
Summary:The $2 trillion relief bill will send money directly to Americans, greatly expand
unemployment coverage and make a number of other changes.
PublishDate:3/30/2020 12:00:00 AM
Title:Nacha Provides Relief to RDFIs on Signature Requirements for Written Statements
Summary:The Nacha Rules require an RDFI to accept a consumer’s Written Statement of Unauthorized Debit (WSUD), and also require that the WSUD be signed or similarly authenticated.
PublishDate:3/27/2020 12:00:00 AM
Title:NCP Exam Rescheduled to August 29 to October 3, 2020
Summary:Factoring in pandemic-related issues and the health and safety of NCP candidates, The Clearing House and ECCO made the decision to move the dates for the 2020 NCP Exam to later this year.
PublishDate:3/23/2020 12:00:00 AM
Title:Nacha Statement on Direct Payments to Americans
Summary:Congress and the Administration appear to be moving quickly toward approving
direct assistance payments to Americans. Public reports today stated that the Treasury is calling for $250 billion in direct payments to Americans starting April 6, with another $250 billion round on May 18.
PublishDate:3/19/2020 12:00:00 AM
Title:WesPay is Here for You
Summary:Message from WesPay's President & CEO, William J. Schoch - Many of you are working diligently to review and activate your business continuity plans and develop flexible work schedules that will limit the spread of the coronavirus. WesPay is taking many of the same precautions, and I want to share with you how we will continue to support our members during this unusual period.
PublishDate:3/17/2020 12:00:00 AM
Title:Nacha Issues Reminder Regarding ACH Responsibilities to Financial Institutions
Summary:In light of the potential impact of coronavirus, financial institutions are reminded of the importance of reviewing their business continuity plans to ensure that they are prepared
to maintain ACH payment processing capabilities in the event of possible disruptions.
PublishDate:3/9/2020 12:00:00 AM
Title:Fraud Is Rapidly Evolving in 2020
Summary:Now that it’s well into 2020, we’re in the midst of a rapidly evolving fraud landscape. Gone are the days where fraudsters primarily operated in the physical world, using stolen credit cards to make transactions. Instead, as society has become increasingly digital, so have fraudsters.
PublishDate:3/9/2020 12:00:00 AM
Title:How the ACH Contact Registry Will Make Life Easier for Financial Institutions
Summary:When you need a hand from someone at another financial institution, finding that someone can be daunting. But things are about to change.
A new Rule creates the ACH Contact Registry, which opens July 1, 2020. It’s going to make locating the right person a whole lot easier.
PublishDate:3/9/2020 12:00:00 AM
Title:Effective Date of New Same Day ACH Window is Confirmed
Summary:The March 19, 2021 effective date for the new Same Day ACH processing window is confirmed. Nacha Rules Ballot #1-2018, Expanding Access to Same Day ACH, provided for the creation of a third, daily Same Day ACH processing window to be established by the ACH Operators. The rule was approved on September 13, 2018 with overwhelming support.
PublishDate:1/10/2020 12:00:00 AM