Supplementing Fraud Detection Standards for WEB Debits
As the ACH Network grows, part of that growth can be attributed to an increase in consumer payments made via the internet and mobile devices. With that growth comes a need to ensure account information is accurate before ACH debits are originated. It's one reason why Nacha is implementing the Supplementing Fraud Detection Standards for WEB Debits Rule – often called the Account Validation Rule. Whichever name is used, it goes into effect on March 19, 2021.
The Rule is neutral regarding specific methods or technologies used to validate first-use consumer account information for ACH payments. Possibilities include:
- An ACH prenotification
- ACH micro-transaction verification
- Commercially available validation service