NACHA indeed finally passed the new Network Enforcement Rules.
You can see a press release here: nacha.org/News/news/pressreleases/2007/Pr112607/Pr112607.htm
These rules go into effect this Friday, Dec 21st, with new reporting requirements for banks (ODFI's) coming in March of '08.
This certainly can and will have an effect on those companies that haven't been preparing for this. Although it seems like a hard number to reach (given the lack of tools that are available for ACH), I can tell you first-hand that they are obtainable!
Satan - you are right. webmasters have to do their best in proper disclosure, not being deceptive, providing good customer support, etc, in order to HELP their processor in minimizing CB's!
V-rocks - there is much truth to what you say!
rowan - i guess it depends on which processor you're trying to get transactions through (lol). I would encourage you to test them all... and please let us know what you find out!
If any WTS merchants would like to know their CB ratios, feel free to hit up myself, or Ben and we'll be happy to let you know what they are! I think you'll be pleasantly surprised as to what your numbers are with WTS. We've been preparing for this for some time.
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