Main Content

News

Payments Pulse

Payments Pulse
The Clearing House
Payments Pulse

Industry News & Resources

Same Day ACH Resource Center

Source: FRBServices.org

Digital Issuance Presents Card Upgrade Opportunity for Banks and CUs

Source: Pymnts.com

2021 ECCHO Operating Rules

Source: TCHPA Storea


We Get Questions...

Q and A
Q.)   A business account holder recently asked if we “accept EDI transactions”. Do all RDFI’s have to accept transactions that include payment related data? And if so, how does the data post to the business accounts?
A.)   Payments will post as any other corporate ACH transaction; however, Receiving Depository Financial Institutions (RDFIs) must have procedures in place to respond to requests from Receivers for the payment-related information transmitted with CCD, CTX and CIE entries, and IAT entries to non-consumer accounts entries (by opening of business day on the second banking day following Settlement Date). The method the RDFI uses to provide the information is not prescribed by the ACH Rules. Instead, RDFI and Receiver determine the medium to be used (i.e. human readable or machine-readable format). Additional information can be found in the 2021 ACH Nacha Operating Rules & Guidelines, Page OG100, Section III, Addenda Record Processing.
Have a question for TCHPA? Call 800-875-2242 (choose option 3) or email education.services@theclearinghouse.org.

Two New ACH Rules Go Into Effect March 19, 2021

Expanding Same Day ACH -
Creates a third Same Day ACH processing window that expands Same Day ACH availability by 2 hours

Supplementing Fraud Detection -
The existing screening requirement will be supplemented to make it explicit that “account validation” is part of a “commercially reasonable fraudulent transaction detection system.”

For more information, order TCHPA’s ACH Rules Update recorded on-demand webinar. No charge for members!

2021 Audit Interactive Workbook


Updated for 2021, this interactive electronic document (in fillable PDF format) provides point-by-point instructions for completing the annual ACH Rules Compliance Audit required by the ACH Rules. The workbook captures auditor notes and automatically generates a management report which can include audit findings, exceptions and recommended action items.

Order Now!

TCHPA Education

Upcoming Sessions

FEB
26

AAP Prep Talk: Steps to Preparing for the 2021 Exam
(Webinar)

MAR
9

Exception Handling of Tax Refunds

MAR
15

An Introduction to FFIEC Guidance

Don’t forget our On-Demand Recorded Training
(FREE and available 24/7!)

Keeping your information up-to-date.

Have you recently changed email formats? Is there a merger on the horizon for your financial institution? Has it been awhile since you let us know about employees who have left your organization? If the answer is yes to any of these questions, we want to hear from you. It’s important that you keep us in the loop so your monthly billing statements are delivered to the appropriate recipient(s), that website profiles are disabled when an employee leaves your organization, and that we’ve got contact information for your newest employees so they too are aware of all the free training and available resources. Be sure to contact TCHPA Member Services at education.services@theclearinghouse.org or call (800) 875-2242 (option 3) when changes occur that impact your membership and your team.

Member Support

Remember, when you need support from The Clearing House Payments Authority (TCHPA), you can reach our Member Services staff directly by calling 800-875-2242 and choosing option 3, or by emailing education.services@theclearinghouse.org. Although our staff is working remotely due to the COVID-19 pandemic, we’re still available to provide the support you need in a timely manner!

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

Copyright © 2021 The Clearing House Payments Company L.L.C.
115 Business Park Dr.
Winston-Salem, NC 27107
United States

The Clearing House
Share LinkedIn Twitter Facebook