NACHA Rule Changes

Effective: 2014-01-21 Addresses technical and drafting discrepancies between Reversing Entries and Reclamation Entries and makes the rules related to Reclamation Entries consistent with those for Reversing Entries to the extent possible.

Effective: 2013-09-20 The ACH Security Framework establishes minimum data security obligations for ACH Network participants to protect ACH data within their purview. This Rule is aimed at protecting the security and integrity of certain ACH data throughout its lifecycle, and is intended to be consistent with other data security obligations of ACH Network participants. The Rule implementation includes three sets of rules: Protection of Sensitive Data and Access Controls Self-Assessment; and Verification of Third-Party Senders... Read More

Effective: 2013-09-20 This Rule revises language regarding the effective period of a stop payment order related to a debit Entry to a Non-Consumer Account, incorporating two additional conditions under which a stop order would lapse. Prior to this change, a stop payment order on a Non-Consumer Entry will expire after six months, unless it is renewed in writing. The Rules will now take into account two additional conditions under which an RDFI may remove the... Read More

Effective: 2013-09-20 These changes are an integral part of the implementation of healthcare industry standards mandated by the Patient Protection and Affordable Care Act (ACA) that carry a January 1, 2014 compliance deadline. Specifically, the Rule requires health plans to identify clearly the CCD entries that are Health Care EFT claim payments to providers through the use of the specific identifier "HCCLAIMPMT" as the Entry Description of the ACH transactions. For a CCD Entry that... Read More

Effective: 2013-09-20 This Rule change makes optional the Originator's response to Notifications of Change (NOCs) for Single Entry Payments. The Rule change will no longer require Originators to make changes requested within NOCs related to Entries identifiable as Single Entries, although they may choose to do so at their discretion and based on their particular business models. Specifically, the Rule defines Originator action on NOCs related to the following SEC Codes as optional: ARC, BOC,... Read More

Effective: 2013-03-15 RETURN REASON CODE R16 - ACCOUNT FROZEN/ENTRY RETURNED PER OFAC INSTRUCTIONOn March 15, 2013, the Rules modify the title of R16 and expand the use of R16 to include IAT transactions that are returned due to instructions from OFAC. CORRECTED DATA FOR IAT ENTRIES - NOC CODE DESCRIPTIONS Corrects the descriptions of the following change codes relative to IAT: C04 (Incorrect Individual Name/Receiving Company Name) and C09 (Incorrect Individual Identification Number)Corrects the "Notes"... Read More