You may also be interested in:

Articles

NACHA Seeks Feedback from Treasury Pros on ACH Data Security

  • By Staff Writers
  • Published: 8/2/2017

security
NACHA is asking treasury professionals to weigh in on a timely topic—security requirements to protect ACH-related information.

Additional information could potentially require large originators and third parties to encrypt, mask or remove/replace ACH-related account information that is held at rest. The RFI also requests feedback related to account information compromises and substitute account information.

“While security and additional protection against fraud is always welcome, you also have to be mindful about implementation costs,” said Magnus Carlsson, manager of treasury and payments for AFP. “This is an opportunity for corporates to weigh in on potential rule changes going forward.”

Deadline for input is Friday, August 4. Submit comments here. Additional information can be found here.

Just One Day to Spare?
Discover practical knowledge and innovative solutions to bring back to your organization and take advantage of a full day of educational and networking highlights at AFP 2018.
Select your One Day Pass

Copyright © 2018 Association for Financial Professionals, Inc.
All rights reserved.