In 2023, Nacha issued a Request for Comment on a proposal to standardize the use of the Individual Name field in consumer ACH Entries. While the proposal did not move forward to ballot, Nacha recommends that Originators and their Third-Party Service Providers consider voluntary adoption of the Individual Name field standard that was originally proposed. Standardization of the Individual Name field can provide benefits for monitoring Entries for potentially fraudulent payments.

Click the Read More link below for complete details on this recommendation. If you have questions, please call ePayResources' Payments Answerline at 800-475-0585, Option 1.