ACH Changes for 2021 Learn how new rules will affect your institution.
Always evolving, the payment industry has new essential updates for 2021. Six new Nacha operating rules are being implemented in 2021, and as COVID-19 surges on, businesses and individuals are increasingly relying on electronic payments. ACH changes for 2021 will affect all financial institutions. You need to put a plan in place to comply.
The latest rule changes involve:
- Same-day ACH settlement
- Limitations on warranty claims
- Meaningful modernization
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