Safeguarding Faster Payments: KYC, Account Validation Compliance and Best Practices


On March 19, 2021, Nacha implemented its WEB Debit Account Validation Rule, in part, to protect users from increasingly sophisticated fraud tactics. Given Nacha’s incredible growth, with 26.8 billion payments made over the ACH Network in 2020 (a record 8.2% YoY increase), the compliance aspects of ACH payments now impact more businesses and payments than ever before.

How does Nacha define compliance? What are the risks and repercussions for those who don’t comply or just meet the minimum standard of compliance? And what steps can businesses take to mitigate the real risks associated with payments fraud?

Watch the on-demand webinar recording as Amy Morris, Nacha‘s Senior Director of ACH Network Rules, GIACT and Hudson Cook take a deep dive into specifics of the 2021 account validation rule and discuss what it means for businesses that use the ACH network.

What You’ll Learn

  • The nuances of Nacha’s KYC and account validation requirements;
  • Compliance and payments risks facing businesses who use the network;
  • Best practices for ramping up your identity and account validation protocols; and
  • How to achieve compliance and better mitigate payments risk.

Watch the On-Demand
Webinar Recording

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