Ogden, UT - In accordance with the newly enacted Nacha WEB Debit Account Validation rule, PDCflow is announcing ACH Verify, a real-time account validation process to help companies comply. The guidance, which takes effect March 19, 2021, requires account validation the first time a consumer’s account number is used for payment or when the account number is changed.

“PDCflow’s ACH Verify works by validating a consumer’s account information prior to payment, decreasing instances of fraud and detecting issues of human error before a payment is taken from the wrong account,” says PDCflow Product Manager, Kristen Makanoa.“The system helps you comply with Nacha, reduce fraud and deliver a commercially reasonable fraudulent transaction detection system to screen WEB debits for fraud.”

ACH Verify is intended to enhance your ACH payment processing and reduce fraud with built-in compliance – without causing disruption to your workflow. How it works:

1. A consumer make an online payment or any other WEB ACH payment to your company

2. This triggers bank account validation before their transaction is submitted to be processed

3. In the event of a validation failure, the consumer is instantly notified

4. In the event of a successful validation, the transaction will be submitted for processing

5. To monitor validations and transaction updates, access this information in your company’s ACH reporting

This new ACH WEB debit rule is intended to enhance Nacha’s fraud detection standards, making online ACH payments more secure for consumers and businesses. When followed, the guidance will lead to fewer chargebacks, corrections and returns – lowering business return rates and reducing fees returned payments incur.

Validating a bank account’s authenticity upon first use also benefits consumers by removing the chance of accidental payment failures and immediately notifying them of an incorrect account number.