Originally Presented: April 30, 2025
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.
Watch experts Corey Lynch and Peter Barbour as they provide an 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.
