Merchant Payment Processing
What Merchants Need to Know About Automatic Debits
Topics: Merchant Payment Processing
The Consumer Financial Protection Bureau (CFPB) has turned its attention to the payments industry of late and recently focused on recurring automatic debits in particular. In November of 2015, CFPB…
NACHA – Rule Changes, ACH Regulations, Same Day Settlements and More
Topics: Merchant Payment Processing
Digital developments in the financial world are changing the way consumers and financial institutions engage with each other. For Originators and Third-Party Service Providers, 2016 amendments to NACHA Rules will…
ODFIs – Early Planning Ensures Accuracy on ACH “Same Day” Start Day
Topics: Merchant Payment Processing
In fewer than nine months, the first phase of “same-day” automated clearing house (ACH) transactions launches. By the time that the entire rule is operational (Phase Three begins March 16,…
Responding to New Same Day ACH Payment Processing Rules
Topics: Merchant Payment Processing
The incoming “same-day” transaction rule is intended to give businesses and consumers greater flexibility to manage their financial transactions, especially in those circumstances where late payment fees can be exorbitant….
