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NACHA Requests Comment on Addenda Record Expansion

  • By Andrew Deichler
  • Published: 4/3/2014

NACHA is requesting comment on the possible expansion of the number and types of addenda records available for use with ACH payments.

The electronic payments association is considering expanding these records to make it easier for more end-users to receive and interpret payment related information on a timely basis.  The addenda record expansion would also provide the flexibility to meet future needs without the time and cost required to implement on an individual Standard Entry Class (SEC) Code basis.

“As addenda records with ACH payments can be a challenge, this is a very important opportunity to provide NACHA valuable insights in how to make improvements,” said Magnus Carlsson, AFP’s manager, treasury and payments.

NACHA is requesting responses on:

  1. Expanding the allowed number of addenda records to nine for all SEC Codes, which currently are limited to zero or one addenda record
  2. Increasing the number of addenda records for CTX (and perhaps ENR and TRX) to a number larger than 9,999, or potentially removing the limitation entirely
  3. Creating additional addenda type codes to provide depository financial institutions with more information on the type of information they are receiving, such as free text, URL, XML, etc.
  4. Establishing service-level requirements for receiving depository financial institutions (RDFIs) to provide the payment related information in addenda records to their consumer receivers.

Based on feedback from the industry, NACHA may consider amending the rules.

Information and feedback is due to NACHA by Friday, May 16, 2014. More information is available here.

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