ACH payment volume rose to $86.2 trillion in 2024, continuing to increase by over $1 trillion per year. Fraudsters are taking advantage of this by targeting your customers with deceptive fraud typologies. To combat this, NACHA has created new requirements for institutions — and the compliance deadline is coming up fast.
View our overview of your new requirements, and how Nasdaq Verafin’s ACH solution will help you:
- Align Standard Entry Class (SEC) codes with expected transaction types.
- Review transactions with suspicious dollar amounts.
- Monitor the age of the receiving account to detect anomalies.
- Flag multiple similar credit entries over a short period.
- Identify transactions directed to dormant or newly opened accounts.
