Comment to NACHA on ACH Technical Changes
A comment letter was filed by the Missouri Credit Union Association (MCUA) and the Credit Union National Association (CUNA) to NACHA – The Electronic Payments Association – regarding their compliance and operational topics proposal. CUNA generally supports the proposal to clarify the meaning or intent of provisions, improve processing efficiency and eliminate requirements that no longer add value to the ACH network. While these technical changes are intended to improve the ACH network, NACHA was asked to minimize additional implementation and compliance costs. The proposal would amend the NACHA Operating Rules on four topic areas: 1) proof of authorization for non-consumer debit entries; 2) stop payments; 3) reversals resulting in a receiver being re-credited twice; and 4) notifications of change for single entries.