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NACHA Resource on FFIEC Internet Banking Authentication

On July 19, 2012, NACHA –The Electronic Payments Association released a resource for financial institutions regarding the implementation of the Federal Financial Institutions Examination Council (FFIEC) Internet Banking Authentication guidance from June 2011.  NACHA’s resource is intended to identify sound business practices that financial institutions could use to create internal policies and procedures in response to FFIEC guidance, as well as describe relevant ACH requirements under the NACHA Operating Rules.  Credit Union National Association's (CUNA) Payments Subcommittee is reviewing the document.