NACHA Sample Clauses

The NACHA clause establishes the rules and requirements for processing electronic payments through the Automated Clearing House (ACH) network, as governed by the National Automated Clearing House Association (NACHA). In practice, this clause typically requires parties to comply with NACHA's operating rules when initiating, receiving, or managing ACH transactions, such as direct deposits or electronic bill payments. Its core function is to ensure that all ACH transactions are conducted securely and in accordance with industry standards, thereby reducing the risk of errors, fraud, or non-compliance.
NACHA the National Automated Clearing House Association.
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NACHA. Is an abbreviation for the National Automated Clearing House Association, which operates the Automated Clearing House (ACH) transactions system. For further information, please see Provision 5.c.
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NACHA. “NACHA” or “National Automated Clearing House Association” is responsible for establishing, revising and enforcing the Operating Rules for the US ACH Network.
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NACHA i. To the extent the Check Image Transaction processing services require any transactions to be processed as ACH Entries, Sub- Merchant shall be considered the Originators of such Entries. Sub-Merchant agrees: (a) to comply with the NACHA Operating Rules; (b) that Entries may not be initiated that violate the laws of the United States or any other jurisdiction in which the Sub- Merchant operates; and (c) that Sub-Merchant shall be responsible for the breach of any warranty under the NACHA Operating Rules with respect to Entries initiated by Sub-Merchant. Sub-Merchant is responsible for compliance with all requirements of the NACHA Operating Rules that pertain to the paper-based Entries processed hereunder. This responsibility includes, but is not limited to, responsibility for requirements pertaining to capture and initiation of Entries (including rules regarding eligibility of the underlying items), required notices to receivers, opt out rights, separation of fees, requirements concerning identification of the receiver, maintenance of a working telephone number that is answered during business hours for receiver inquiries, requirements to assure that underlying items are not presented such that any person will be required to pay on the underlying item, and requirements regarding keeping, destroying or providing copies or originals of the underlying items and related information. ii. Sub-Merchant may elect to have FTNI, through WorkWave, process Entries using FTNI’s designated partner settlement account. If Sub-Merchant so elects, Sub-Merchant shall be responsible for any special warranties or indemnities that FTNI is required to make under the NACHA Operating Rules as to such Entries. Sub-Merchant agrees to comply with all relevant data security requirements (including, but not limited to, those requiring the use of encryption technology where ACH information is transmitted over unsecured networks such as the internet other than through an application certified by FTNI). Sub-Merchant agrees that it will not reinitiate Entries except as permitted by the NACHA Operating Rules. Sub-Merchant agrees that reversing Entries and reversing files must be transmitted on a timely basis as required by the NACHA Operating Rules. iii. Sub-Merchant agrees to comply with and be bound by the NACHA Operating Rules, as they may be updated from time to time. The duties of Sub-Merchant set forth in this Appendix 3 in no way limit Sub-Merchant’s obligations to comply with the N...
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NACHA. Participants shall reimburse the Contractor for any fees or fines imposed on the Contractor by NACHA for the Participant’s failure to comply with any NACHA rules.
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NACHA. National Automated Clearing House Association. NACHA governs ACH, publishes ACH Rules, and changes them from time to time.
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Related to NACHA

  • Data Encryption 2.1. For all COUNTY data, The CONTRACTOR shall encrypt all non-public data in transit regardless of the transit mechanism. 2.2. For all COUNTY data, if the CONTRACTOR stores sensitive personally identifiable or otherwise confidential information, this data shall be encrypted at rest. Examples are social security number, date of birth, driver’s license number, financial data, federal/state tax information, and hashed passwords. 2.3. For all COUNTY data, the CONTRACTOR’S encryption shall be consistent with validated cryptography standards as specified in National Institute of Standards and Technology Security Requirements as outlined at ▇▇▇▇://▇▇▇▇▇▇▇.▇▇▇▇.▇▇▇/nistpubs/Legacy/SP/nistspecialpublication800-111.pdf

  • Merchant has the power and authority to authorize the automatic funds transfer provided for in the Merchant Agreement;

  • Workstation Encryption Supplier will require hard disk encryption of at least 256-bit Advanced Encryption Standard (AES) on all workstations and/or laptops used by Personnel where such Personnel are accessing or processing Accenture Data.

  • Electronic Re-presented Checks If you write a check on a personal account that we return unpaid because of insufficient or uncollected funds, payee or any subsequent holder of the check may re-present the check to us, through an electronic instruction ("Electronic Re-presented Check") to charge your account for the amount of the check. If we receive an electronic re-presented check, we will pay or return the electronic re-presented check as if the original paper check was presented to us. Any collection fee you authorize the merchant to debit from your account is an electronic funds transfer subject to the terms of the Electronic Funds Transfer Agreement. If you want to reverse an electronic re-presented check, you must give us an affidavit within fifteen (15) days after we send or make available to you the periodic statement that reflects payment of that electronic re-presented check. In your affidavit, you must declare and swear under oath that the electronic re-presented check was ineligible or unauthorized. If we receive a proper notice of affidavit from you within the 15-day period, we will recredit your account with the amount of the charge. If you wish to stop payment of any electronic re-presented check, you must follow the procedures for stopping payment of checks, not the procedures for stopping payment on electronic loan or bill payments. If you ask us to request the depositor's bank to send us the original paper check or a copy of the paper check, and we provide it to you, you agree that you will not seek to have your account re-credited due to a prior stop payment order or if the item is otherwise ineligible for collection.