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September 2014

In this issue:
  • NACHA Rule Updates
  • ACH Security Framework Reminder
  • New & Improved Text Alerts
  • InterceptEFT Golf Extravaganza

Customer Support Tips

With 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 Calendar

Apex Software Users Conference
September 18-20th

Payroll Vault
Denver, CO
September 21-23rd

NARPM
Minneapolis, MN
October 22-24th

Execupay
San Antonio, TX
October 23-25th

Thomson Reuters Users Conference
National Harbor, MD
November 5-8th

PASBA
Austin, TX
November 17-20th

Upcoming Non-Processing Holidays

Columbus Day
Monday, October 13th

Veterans Day
Tuesday, November 11th

Thanksgiving
Thursday, November 27th

Testimonial

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
Payrole
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.
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Upcoming NACHA Rules Changes

Prenotification Entries: Reduction in Waiting Period for Live Entries
Effective September 19th, 2014

Shortens the ODFI's Prenote response waiting time to 3 banking days. In the past, Originators had to wait six Banking Days before transmitting "live" entries following a Prenote. The new Rule will reduce the waiting period from six to three banking days. This means that if an Originating Depository Financial Institution (ODFI) does not receive a Return Entry or a Notification of Change (NOC) in response to a Prenote, the Originator is free to originate new "live" entries more quickly after the Prenote than previously allowed.

  Connie
Connie Mosier, VP,
Risk Manager
What this means for InterceptEFT customers: Allows for faster response time for prenote returns/NOC's.

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. divider

NACHA Rules ACH Security Framework Requires Security Policy

Effective September 20th, 2013

With the recent increase of data breaches in the news, InterceptEFT would like to remind you about the NACHA rule requiring participants in the ACH Network, or companies such as yours, to establish a data security policy and procedures to protect confidential information.

  reminder
What this means for InterceptEFT customers: Due to your involvement with confidential account information and other information considered protected, your company is required to have a security policy. If you need assistance establishing a policy, please visit the Better Business Bureau website: www.bbb.org/data-security divider

New & Improved Text Alerts!

Utilize InterceptEFT's new Text Messaging Service for your business and provide your customers the information they need and expect.
text on cell phone   Affordably priced, alerts can be sent based on the following activity:
  • Corporate NSF Return
  • Wire Drawdown Received
  • Debit & Deposit Notification (Corporate/employee/consumer)

Contact us today to get started!
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InterceptEFT Golf Extravaganza provides scholarships to 26 local students

For the 5th year, InterceptEFT has partnered with the Smith Family Foundation to host the InterceptEFT Golf Extravaganza. Proceeds from the Golf Extravaganza are used to provide local students with scholarships. This year's Golf Extravaganza raised enough to give 26 scholarships to students!

  golfing
Craig Dresser, CEO