Network Enforcement Rules proposed by NACHA for ACH processing! - GoFuckYourself.com

Ben.Z · 04-11-2007, 08:57 AM

As expected, the governing body of U.S. ACH processing (NACHA) is proposing the implementation of new rules regarding unauthorized return (cb) percentages and further scrutiny to the ACH network.

You can find complete info on these proposed rules here:
http://nacha.org/ACH_Rules/Rule_Maki...07/default.htm

In a nutshell, they are pushing for a 1% Unauthorized Return (CB) rate, Returns limits and proper authentication to be enforced. Failure to comply with the rules can result in serious fines and/or suspension from the network.
If these rules pass, look for an implementation date of Sept '07.

For those that were paying attention to our "Heads Up" back in late Dec and actually ACTED on it..... congrats! You are in a much better position than those that heard, but did NOTHING!

WTS - Ahead of the Competition and Behind Your Business!

Quick Buck · 04-11-2007, 09:00 AM

so what does this mean and what action are wts clients supposed to take?

seeric · 04-11-2007, 09:12 AM

Quote:

Originally Posted by WTS - Ben

As expected, the governing body of U.S. ACH processing (NACHA) is proposing the implementation of new rules regarding unauthorized return (cb) percentages and further scrutiny to the ACH network.

You can find complete info on these proposed rules here:
http://nacha.org/ACH_Rules/Rule_Maki...07/default.htm

In a nutshell, they are pushing for a 1% Unauthorized Return (CB) rate, Returns limits and proper authentication to be enforced. Failure to comply with the rules can result in serious fines and/or suspension from the network.
If these rules pass, look for an implementation date of Sept '07.

For those that were paying attention to our "Heads Up" back in late Dec and actually ACTED on it..... congrats! You are in a much better position than those that heard, but did NOTHING!

WTS - Ahead of the Competition and Behind Your Business!

i have my ear close to the ground and I never heard of or was informed of anything like this.

Ben.Z · 04-11-2007, 09:42 AM

Webmasters should do just what they did when these changes were made to the credit card business!

Have full disclosure on your tours, provide the content that is advertised, have cancel links in prevalent spots, provide expedient customer support, buy clean traffic, police your webmaster programs, don't do multiple cross-sells, etc.... in essence, just run a clean ship!

And of course..... use an ACH processor that takes this seriously and utilizes proper authentication procedures and fraud controls!

For those that perhaps missed the thread, here's the post we made back in Dec regarding upcoming changes to the ACH biz:http://www.gofuckyourself.com/showthread.php?t=688527

Barefootsies · 04-11-2007, 10:38 AM

Didn't KimmieKim say something about this shit months ago?

JerseyPuma · 04-11-2007, 11:26 AM

more good news!

DatingGold · 04-11-2007, 11:33 AM

Well the problem is a large % of checks that get authorized are crap checks and people can just punch almost anything in. The ACH networks need better authenticating.

JerseyPuma · 04-11-2007, 11:39 AM

exactly which number in the WTS stats is subject to that 1%? i know there are both late returns and refunds.

Pete-KT · 04-11-2007, 11:59 AM

Very nice, WTS is always ontop of there shit

Ben.Z · 04-11-2007, 12:42 PM

Quote:

Originally Posted by DatingGold

Well the problem is a large % of checks that get authorized are crap checks and people can just punch almost anything in. The ACH networks need better authenticating.

Allan - if you can punch almost anything in and have your ACH transaction accepted and processed..... you're using the WRONG processor! lol

There's no doubt that better authentication tools need to be provided by member banks for ACH. This is an ongoing fight we've been having for 10 years now.

BUT, we haven't been sitting around waiting for them to show up either.... lol

This type of regulation, is the natural evolution of an industry that has exploded in recent years, yet still has many limitations.

Just like the few CC processing companies that survived the regulation of the card business a few years ago, so too will there be survivors of the ACH industry squeeze! ;-)

jcsike · 04-11-2007, 01:22 PM

Quote:

Originally Posted by WTS - Ben

Allan - if you can punch almost anything in and have your ACH transaction accepted and processed..... you're using the WRONG processor! lol

There's no doubt that better authentication tools need to be provided by member banks for ACH. This is an ongoing fight we've been having for 10 years now.

yea? so lets say i use a free email address, i make up a name and an address, use a good routing number(from my current bank or one i find on the net). that wont work?

got a link to one of your clients sites?

Ben.Z · 04-11-2007, 01:48 PM

Quote:

Originally Posted by jcsike

yea? so lets say i use a free email address, i make up a name and an address, use a good routing number(from my current bank or one i find on the net). that wont work?

got a link to one of your clients sites?

Have at it.
Links to our join pages aren't hard to find...
Go to any one of the SilverCash sites, or TopBucks, or NicheWealth, or PlatinumBucks, or SunnyDollars, or PimpRoll, or AdultPlayersClub, SexSearch, etc., etc.

04-11-2007, 08:57 AM	#1
Ben.Z Confirmed User Industry Role: Join Date: Sep 2004 Location: CardReady.com Posts: 1,164	Network Enforcement Rules proposed by NACHA for ACH processing! As expected, the governing body of U.S. ACH processing (NACHA) is proposing the implementation of new rules regarding unauthorized return (cb) percentages and further scrutiny to the ACH network. You can find complete info on these proposed rules here: http://nacha.org/ACH_Rules/Rule_Maki...07/default.htm In a nutshell, they are pushing for a 1% Unauthorized Return (CB) rate, Returns limits and proper authentication to be enforced. Failure to comply with the rules can result in serious fines and/or suspension from the network. If these rules pass, look for an implementation date of Sept '07. For those that were paying attention to our "Heads Up" back in late Dec and actually ACTED on it..... congrats! You are in a much better position than those that heard, but did NOTHING! WTS - Ahead of the Competition and Behind Your Business! __________________ *Credit Card Processing for Adult Merchants* Contact me: Ben Z. (ben\|AT\|CardReady.com) ICQ_138827832 Toll Free: 1.888.398.6001 Ext.212

04-11-2007, 09:00 AM	#2
Quick Buck Confirmed User Join Date: Feb 2006 Location: Free-Trials.......... Weekly-Payouts..... 100+Sites Posts: 1,026	so what does this mean and what action are wts clients supposed to take? __________________ $50 FREE TRIALS! Every Day til 2008!!! Only at QuickBuck

04-11-2007, 09:42 AM	#4
Ben.Z Confirmed User Industry Role: Join Date: Sep 2004 Location: CardReady.com Posts: 1,164	Webmasters should do just what they did when these changes were made to the credit card business! Have full disclosure on your tours, provide the content that is advertised, have cancel links in prevalent spots, provide expedient customer support, buy clean traffic, police your webmaster programs, don't do multiple cross-sells, etc.... in essence, just run a clean ship! And of course..... use an ACH processor that takes this seriously and utilizes proper authentication procedures and fraud controls! For those that perhaps missed the thread, here's the post we made back in Dec regarding upcoming changes to the ACH biz:http://www.gofuckyourself.com/showthread.php?t=688527 __________________ *Credit Card Processing for Adult Merchants* Contact me: Ben Z. (ben\|AT\|CardReady.com) ICQ_138827832 Toll Free: 1.888.398.6001 Ext.212 Last edited by Ben.Z; 04-11-2007 at 09:45 AM..

04-11-2007, 10:38 AM	#5
Barefootsies Choice is an Illusion Industry Role: Join Date: Feb 2005 Location: Land of Obama Posts: 42,635	Didn't KimmieKim say something about this shit months ago? __________________ Should You Email Your Members? Link1 \| Link2 \| Link3 Enough Said. "Would you rather live like a king for a year or like a prince forever?"

04-11-2007, 11:26 AM	#6
JerseyPuma Confirmed User Join Date: May 2002 Location: FL Posts: 1,149	more good news! __________________ LOVERCASH.COM good dating sites.

04-11-2007, 11:33 AM	#7
DatingGold $6 PER EMAIL JOiN Industry Role: Join Date: Feb 2003 Location: California Posts: 13,185	Well the problem is a large % of checks that get authorized are crap checks and people can just punch almost anything in. The ACH networks need better authenticating. __________________ 9 Years of SOLID payouts and conversions! ADULT DATING - $100 PPS LIVE CAMS - $214 PPS WWW.DATINGGOLD.COM ICQ: 27442303

04-11-2007, 11:39 AM	#8
JerseyPuma Confirmed User Join Date: May 2002 Location: FL Posts: 1,149	exactly which number in the WTS stats is subject to that 1%? i know there are both late returns and refunds. __________________ LOVERCASH.COM good dating sites.

04-11-2007, 11:59 AM	#9
Pete-KT Workin With The Devil Industry Role: Join Date: Oct 2004 Location: West Bloomfield, MI Posts: 51,532	Very nice, WTS is always ontop of there shit