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Payments Pulse - June 20th Edition

Payments Pulse
Payments Pulse, June 20, 2019
The Clearing House
Payments Pulse

Industry News & Resources

Open for Comment - Modifications to NSS and Fedwire Funds Service in Support of Enhancements to Same Day ACH


Millennials vs Generation Z - How Do They Compare & What's the Difference?

Source: The Infographics Show

Instant Fraud: Consumers See Funds Disappear in Zelle Account Scam


Coming Soon: 2019 Federal Reserve Payments Study


We Get Questions...

Q and A
Q.)  I am being told by a co-worker that our company must email notice to our customer(s) 10 days before a recurring ACH debit is scheduled to post. We don’t mail bills to our auto pay customers and we don’t have email addresses for all of them, so I need to know if this is an Originator requirement in the ACH Rules.
A.)  Article Two, Subsection of the NACHA Rules outlines notice requirements for variable debits to consumer accounts (Page OR7, 2019 ACH Rules). Generally speaking, when there is a change to the debit amount, the Originator must send the Receiver written notification at least 10 calendar days prior to debit date. When there is a change to the date, the Originator must send notification at least 7 calendar days before the scheduled debit. For recurring debits, when the amount or date don’t change, the ACH Rules do not require notice if the intent to debit is clearly explained during the authorization process.
Have a question for TCHPA? Call 800-875-2242 (choose option 3) or email

AAP Prep Webinar Series (2019)

There’s still time to register… but hurry!

The Accredited ACH Professional (AAP) designation is designed to recognize and build ACH expertise. Having an Accredited ACH Professional (AAP) on staff promotes the credibility of your team by enhancing knowledge of ACH operations, regulations, products and trends. Once you’ve made the decision to sit for the AAP Exam, registering for this prep course is your next step! Through a series of interactive webinars, exercises, quizzes, and online study groups, this program will help you prepare to sit for the 2019 AAP Exam (exam period takes place October 7 - 26, 2019). Pre-course work, reading and homework exercises are required.

This FREE 9-week webinar series begins July 11, 2019 and runs through September 5, 2019. All sessions take place from 2:00-3:30pm ET.

Who is The Clearing House Payments Authority?

Amy Smith Answers...

Learn more about TCHPA’s President and vSofts’ Payments Professor.

Upcoming Education

Please register in advance for all face-to-face sessions as we cannot guarantee seating for walk-ins.

Payments Data Security (Webinar)


AAP Prep Webinar Series (9-Session Series)

Lansing, MI

New Return Reason Code R11 is Coming: Is your Organization Prepared? (NACHA Webinar)

Register via TCHPA and save!

Concepts 2019 (Conferences)

September 18-19 Philadelphia, PA ($199)

October 9-11 Grand Rapids, MI ($299)

Real-Time Payments

What's in it for you?

Upcoming Events:

RTP Town Hall

Join The Clearing House for this half-day strategy session focused on the implementation of Real-time Payments (RTP®). Learn how RTP fits into the current faster payment trends in the United States and how this new network enhances your relationship with account holders, bringing opportunities and benefits to financial institutions of all sizes. Attendees will be provided with a framework around which to build their individual strategies for implementing RTP.
  • Lansing, MI – August 13, 2019
  • Grand Rapids, MI – August 15, 2019

Professionals in every trade have an association they rely on for industry expertise, support and resources. We're the Association for Payments People®

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