Nacha has launched the Secure Exchange module in its Risk Management Portal to help ACH Network participants tackle suspected fraudulent activities more effectively. This tool allows RDFIs to notify ODFIs when a payment is delayed for further review or to respond to return requests.

Secure Exchange features two essential documents: RDFI Notification of Exemption from Funds Availability Requirement and RDFI Notification of Status of Return Request. These forms streamline communication between financial institutions, ensuring quick and efficient handling of potential fraud cases.

It is critical to keep ACH Contact Registry information up to date in order for the Secure Exchange to work optimally. Accurate details enable timely and effective communication, supporting fraud detection efforts and compliance with Nacha Rules.

Click Read More below for complete details.