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New Nacha rules strike at push-payment fraud

March 19, 2024

Nacha is a nonprofit organization that governs, but does not operate the ACH Network, an account-to-account money transfer system overseen by The Federal Reserve and The Clearing House. There were 31.5 billion ACH Network payments made last year, valued at $80.1 trillion.

One type of scam Nacha is looking to prevent is a business email compromise scam, the release said. A BEC scam involves getting into a corporate email account to then conduct unauthorized transfers using payment methods such as ACH.

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