Tag: Payments

Q3 2024 Report: Beyond Compliance: Elevating Risk Based Bank Account Validation

Nacha, the governing body of the ACH network, enforces rules like the WEB Debit Account Validation Rule, which mandates businesses to verify bank account details to prevent fraud and minimize risk. But compliance is just the beginning. Gaining deeper insights into the relationship between consumer data, bank accounts, and payment performance can drive substantial value […]

The Future of Payments: 5 Key Trends from Nacha Smarter Faster Payments 2024

Last week, ValidiFI, alongside thousands of payment professionals, gathered in Miami at the Nacha Smarter Faster Payments 2024 conference—the premier event in payments for attendees to network and learn about emerging trends. Here are the 5 key trends that were discussed.   1. Open Banking On October 19, 2023, the CFPB released the Notice of Proposed […]