September 2014In this issue:
Customer Support TipsWith the launch of our new website, e-contracts has moved to under the "Other Services" tab
Did you know?Fargo, North Dakota has one of the lowest unemployment rates in the country at 3% in June 2014.
InterceptEFT CalendarApex Software Users Conference
San Antonio, TX
Thomson Reuters Users Conference
National Harbor, MD
Upcoming Non-Processing HolidaysColumbus Day
Monday, October 13th
Tuesday, November 11th
Thursday, November 27th
We thank you for taking the time and effort in educating us, and your continued patience while we learn of the additional services and benefits you have to offer. We are a client for life!-Matt Diehl
Welcome to The Pulse, InterceptEFT's new quarterly e-newsletter! We're excited to share with you the current trends in the ACH industry as well as what's going on at InterceptEFT.
Upcoming NACHA Rules Changes
Proof of Authorization for Non-Consumer Entries
Effective September 19th, 2014
Requires the ODFI to provide a non-consumer receiver's authorization on select SEC codes. This Rule now requires that if a Receiving Depository Financial Institutions (RDFI) requests proof, from an Originating Depository Financial Institution (ODFI), of a Non-Consumer Receiver's authorization for a Corporate Credit or Debit (CCD), Corporate Trade Exchange (CTX) or inbound International ACH Transaction, the ODFI must provide that information.What this means for InterceptEFT customers: As a best business practice, InterceptEFT has always recommended obtaining authorization on non-consumer accounts, and now the rules support this practice.
Contact us today to get started!