Nacha’s 2021 Account Validation Rule: Is Your Business Compliant?

If your company accepts ACH payments over the web or via mobile devices then you’re now subject to heightened validation requirements. Find out what that means for you and the future of your business.

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Meeting Nacha’s rule with instant verification presents an opportunity for businesses to improve their customer experience in a myriad of ways. This isn’t just a call for compliance–it’s a chance to improve the bottom line.
Nacha x Plaid Whitepaper

About the report:

As transaction volumes rise, Nacha, the organization that governs the ACH system, announced a new rule in 2021 that requires businesses that accept ACH payments online or via mobile devices may be required to update their onboarding flows. This new rule will help ensure the continued quality and security of the entire ACH network for years to come.

For businesses, it also presents a new opportunity for growth. From faster onboarding to enhanced fraud mitigation, meeting Nacha’s new rule with instant verification can help companies generate more revenue through better customer experiences.

In this white paper, you’ll learn:

  • How to reduce fraud and stay compliant with the updated ACH account validation rules.
  • How to implement better customer onboarding and payment experiences.
  • How to instantly verify accounts and create a higher conversion experience.

Plaid x Nacha

Plaid is part of a select group of innovators that contribute to Nacha’s strategic efforts in support of the payments ecosystem by removing friction, increasing ease, improving cash flow accessibility and efficiency, as well as supporting sound risk management and security for ACH payments.