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.
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.
NACHA. National Automated Clearing House Association. NACHA governs ACH, publishes ACH Rules, and changes them from time to time.
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.
NACHA. “NACHA” or “National Automated Clearing House Association” is responsible for establishing, revising and enforcing the Operating Rules for the US ACH Network.
