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  • 1.  New NACHA Rules

    Posted 09-14-2021 17:14
    Has anyone seen these new NACHA rules?  How did you handle the encryption?

    Effective June 30, 2021 for 6MM+ annual ACH transactions
    Effective June 30, 2022 for 2MM+ annual ACH transactions
    See below for important details on enforcement date

    This rule requires companies that process 6MM+ ACH transactions annually-or 2MM+ ACH transactions annually for the later phase-to protect deposit account information by rendering it unreadable when it is stored electronically.

    Note on enforcement date: This Rule will not be enforced for an additional one year from the effective dates for covered entities that are working in good faith toward compliance, but that require additional time to implement solutions. Nacha strongly encourages all such covered entities to work towards compliance as soon as possible.

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    Doug Higgs
    Midwest Commerce Solutions, Inc
    (312) 315-0960
    Chauffeur, Chef, and Personal Assistant to Sprinkles
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  • 2.  RE: New NACHA Rules

    Posted 09-15-2021 09:32
    I think Payroll is in compliance if using Sage Direct Deposit, if not as long as the user deletes the .ach after uploading it would be. 

    Wasn't vendor Electronic Payment information encryption on the road map? I am surprised this isn't already. 

    This should be asked of Elliot in the roundtable this month.

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    Eric Lunceford
    First Mate Business Solutions
    Oklahoma City, OK
    877-880-8960
    https://www.firstmatellc.com/
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  • 3.  RE: New NACHA Rules

    Posted 09-15-2021 11:26
    6,000,000 annual transactions is just a tad outside the range of my average client...  I am sure the ceiling will be lowered in the future though.

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    Jeff Schwenk
    FORMER 90M Board Member -140,000,000 is a TERRIBLE thing to waste!!!
    Bottomline Software, Inc.
    Waynesboro VA
    540-221-4444
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    Original Message


  • 4.  RE: New NACHA Rules

    Posted 09-15-2021 14:39
    @Jeff Schwenk  Huh.  That's a bit surprising.  I thought you were one of the whales in the MAS90 arena.​​

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    Doug Higgs
    Midwest Commerce Solutions, Inc
    (312) 315-0960
    Chauffeur, Chef, and Personal Assistant to Sprinkles
    ------------------------------

    Original Message


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