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The Clearing House
Payments Pulse

Industry News & Resources

RTP Network Transaction Limit Raised to $1 Million

Source: The Clearing House

Businesses Lack Knowledge About Modernized Payments Choices and Developments

Source: Pymnts.com

FedNow Service Readiness Roadmap

Source: frbservices.org


We Get Questions...

 Q and A
Q.)    Which ACH Standard Entry Class (SEC) codes allow for a business check to be converted?
  1. Accounts Receivable Entries (ARC) and Back Office Conversion (BOC)
  2. ARC, BOC, Represented Check Entry (RCK)
  3. ARC, BOC and Point of Purchase (POP)
  4. ARC, Prearranged Payment and Deposit (PPD), and BOC
Have a question for TCHPA? Call 800-875-2242 (choose option 3) or email education.services@theclearinghouse.org.

The information contained herein has been prepared for general informational purposes only and is not offered as and does not constitute legal advice. You should consult with your legal counsel regarding the legal, regulatory and payments industry rule requirements that apply to specific transaction scenarios.

The answer is c) ARC, BOC and POP (when written for $25K or less and does not contain an auxiliary-on-us field)
2020 ACH Rules

2022 Audit Interactive Workbook

Now Available!

Updated for 2022, this interactive electronic document (in fillable PDF format) provides point-by-point instructions for completing the annual ACH Operations Audit required by the Nacha Operating Rules. The workbook captures auditor notes and automatically generates a management report which can include audit findings, exceptions and recommended action items.

Order Now!

Payments Education

APRIL
28

RDFI Compliance Virtual Workshop
MAY
17

Payments University (Virtual)

Member Support

TCHPA Fact Sheet

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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