Service · Education · Support

Third-Party Sender & Direct Access Registration

NACHA’s Third-Party Sender Registration rule is now in effect as of September 29, 2017. Originating Depository Financial Institutions are required to register third-party sender and direct access relationships in NACHA’s Risk Management Portal. Institutions who currently have zero third-party senders will still need to register and notate the lack of third-party sender relationships. The deadline for initial registration was March 1, 2018. For more information, check out PaymentsFirst on-demand webinar A Basic Guide to Third-Party Sender Registration. Click Here to Register! 

Regulation CC - Final Amendments

The Federal Reserve Board on Wednesday announced final amendments to the check collection and return provisions in Regulation CC (Availability of Funds and Collection of Checks) and also requested further public comment on an additional proposed amendment to Regulation CC's liability provisions.  You can download the attachments below:

Full Announcement - click HERE

Availability of Funds and Collection of Check - Final Rule

Availability of Funds and Collection of Check - Proposed rule request for comment