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The Clearing House
Payments Pulse

Industry News & Resources

2021 ACH Rules – Supplement #1-2021

Source: Nacha
Protected content. Follow these steps to view: Login> My Account > Members Only

AFP 2021 Payments Fraud and Control Survey Report

Source: Association for Financial Professionals

A Look Ahead: Faster Payments in 2021

Source: ABA Banking Journal

Now is the Time to Adopt Real-Time Payments

Source: PaymentsJournal

ACH Network Volume Rises 11.2% in 1Q 2021

Source: Nacha


We Get Questions...

Q and A
Q.)   Our Originator initiated duplicate ACH credits in error, followed by a reversing transaction for one of the entries when they realized their mistake; however, the RDFI returned the reversal as NSF. Can the Originator reinitiate the returned REVERSAL?
A.)   The ACH Rules do not prevent the re-initiation of the reversal as long as it will still be made available to the RDFI within five banking days following the settlement date of the erroneous entry. It must also contain REVERSAL in the company entry description field. Keep in mind that the Originator must make a reasonable attempt to notify the Receiver of the reversing entry no later than the settlement date of the reversing entry. (ACH Operating Rules, Article 2, Section 2.9)

Have a question for TCHPA? Call 800-875-2242 (choose option 3) or email education.services@theclearinghouse. org.

Documents on Demand


Did you know that your TCHPA membership includes access to over 40 sample agreements and procedures, ‘how-to’ instructions and more? Found on the Members Only page of our website, these resources can be used for quick reference, setting policies and training new staff. But you’ll need to Sign In to view as they are reserved for TCHPA members. If you have not yet done so, you can create a profile on our website and before you know it you’ll have full access to the TCHPA area of The Clearing House website. When prompted, choose ‘Financial Institution Member’ as the Membership Type and choose your financial institution’s name from the drop-down list when completing that field. Once logged in, visit the My Account page, then click on the Members Only link.

New Payments Webinars Available On-Demand

ACH Returns
Recorded April 6, 2021. When returning an ACH transaction, operating in compliance with the ACH Rules and choosing the appropriate return reason code is crucial as it lets the Originator know why it is being returned. This session focuses on the handling of ACH exceptions from the Receiving Depository Financial Institution (RDFI) perspective, including the proper use of Return Reason Codes.

Regulation E Error Resolution
Recorded April 13, 2021. Regulation E places obligations on financial institutions to investigate consumer disputes for unauthorized electronic transactions for ACH, ATM and debit card entries. Using current real life scenarios, this session addresses error resolution compliance, procedures to handle disputes within the various payment systems and Transfer Service Providers.

Payments Education

Upcoming Sessions

MAY
4

RTP: From Ideation to Implementation
(Webinar)

MAY
6

2021 APRP Exam Prep Webinar Series
(Webinar Series: May 4-June 17)
Hurry! Registration Closes on May 5th

MAY
11

ACH File Formats
(Webinar)

Be sure to check our Payments Education page as we recently added a variety of new topics (scheduled sessions and on-demand recordings). Remember, every employee in your organization is able to order and consume TCHPA’s training at no charge… because you’re a member! There are currently more than 90 titles from which to choose!

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.

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115 Business Park Dr.
Winston-Salem, NC 27107
United States

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