Rules and Regulations Edition
- ACH Rule Changes
- Best Practices for ACH & Wire Payments
- Wire Transfer Security Enhancements
- Fraud Prevention & Risk Mitigation
ACH Rule Changes
New rules from Nacha, the National Automated Clearing House Association, which oversees ACH payments in the US, aim to strengthen fraud prevention and improve efficiency.
Enhanced Fraud Monitoring for ACH Payments
Businesses processing over 6 million ACH transactions annually must implement fraud monitoring by March 2026.
Banks processing over 10 million ACH payments per year must start monitoring incoming ACH credits for suspicious activity.
Standardized Payment Descriptions
Payroll and purchase-related ACH transactions must use standardized descriptions to help detect fraud.
For example, instead of vague descriptions like “PAYROLL” or “VENDOR PAYMENT,” businesses will need to use more specific terms such as “PAYROLL JOHN DOE” or “VENDOR OFFFICE SUPPLIES.”
Implementation begins March 2026.
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