Nacha Micro-Entry Rule and Account Validation Best Practices

Banking information verification is a best practice for ensuring proper payment routing and mitigating payment risk. ACH Network users have several options for verifying banking information, including ACH prenotes, ACH Micro-Entries or leveraging an account validation service. Effective March 17, 2023, Nacha Rules will require the use of commercially reasonable fraud detection for those using Micro-Entries.

The purpose of this webinar is to provide you with additional information about the Micro-Entry Rule and answer your questions. Speakers will also address best practices for compliance and how customers have successfully leveraged Nacha’s Phixius service for account validation.

Speaker(s):

Amy Morris, Senior Director, ACH Network Rules, Nacha
Robert Unger, Senior Director, Product Management & Strategic Initiatives, Nacha
Corrie Sands, AAP, Senior Manager, Head of ACH Compliance, North American Bancard, LLC

This webinar is eligible for 0.9 AAP/APRP continuing education credits.

Keyword(s): WEB1122, AAP/APRP