News & Updates

Mobile ACH Payments

NACHA recently approved the Mobile ACH Payments Rule that will establish a framework for mobile-initiated ACH debit payments. The Mobile ACH Payments Rule becomes effective on January 1, 2011 and will expand the definition of Internet-Initiated Entries (WEB) to include ACH debits authorized and/or initiated via wireless networks and require that those payments utilize the WEB Standard Entry Class (SEC) Code. The rule additionally provides clarity to users of the ACH Network regarding authorization, risk management, and data-security requirements for mobile ACH debits.

Specifically, the Mobile ACH Payments Rule incorporates mobile ACH debits into the existing category of Internet-Initiated Entries (WEB) and requires that mobile payments use the WEB Standard Entry Class (SEC) Code.

To prepare for the rule introduction, NACHA and its Regional Payments Association members will be making available education and training materials to help ACH Network participants better understand the impact of the Mobile Rule before its implementation date.

Source:
NACHA announcement of new Mobile ACH Rule:
http://www.nacha.org/news/newsDetail.cfm/RecentBusinessNewsID/162