Welcome to The Pulse, InterceptEFT's new quarterly e-newsletter! We're excited to share with you the current trends in the ACH industry as well as what's going on at InterceptEFT.

Upcoming Nacha Rules Changes

Prenotification Entries: Reduction in Waiting Period for Live Entries
Effective September 19th, 2014

Shortens the ODFI's Prenote response waiting time to 3 banking days. In the past, Originators had to wait six Banking Days before transmitting "live" entries following a Prenote. The new Rule will reduce the waiting period from six to three banking days. This means that if an Originating Depository Financial Institution (ODFI) does not receive a Return Entry or a Notification of Change (NOC) in response to a Prenote, the Originator is free to originate new "live" entries more quickly after the Prenote than previously allowed.

Connie Mosier, VP,
Risk Manager
What this means for InterceptEFT customers: Allows for faster response time for prenote returns/NOC's.

Proof of Authorization for Non-Consumer Entries
Effective September 19th, 2014

Requires the ODFI to provide a non-consumer receiver's authorization on select SEC codes. This Rule now requires that if a Receiving Depository Financial Institutions (RDFI) requests proof, from an Originating Depository Financial Institution (ODFI), of a Non-Consumer Receiver's authorization for a Corporate Credit or Debit (CCD), Corporate Trade Exchange (CTX) or inbound International ACH Transaction, the ODFI must provide that information.

What this means for InterceptEFT customers: As a best business practice, InterceptEFT has always recommended obtaining authorization on non-consumer accounts, and now the rules support this practice.

Nacha Rules ACH Security Framework Requires Security Policy

Effective September 20th, 2013

With the recent increase of data breaches in the news, InterceptEFT would like to remind you about the Nacha rule requiring participants in the ACH Network, or companies such as yours, to establish a data security policy and procedures to protect confidential information.

What this means for InterceptEFT customers: Due to your involvement with confidential account information and other information considered protected, your company is required to have a security policy. If you need assistance establishing a policy, please visit the Better Business Bureau website: www.bbb.org/data-security

New & Improved Text Alerts!

Utilize InterceptEFT's new Text Messaging Service for your business and provide your customers the information they need and expect.
text on cell phone   Affordably priced, alerts can be sent based on the following activity:
  • Corporate NSF Return
  • Wire Drawdown Received
  • Debit & Deposit Notification (Corporate/employee/consumer)

Contact us today to get started!

InterceptEFT Golf Extravaganza provides scholarships to 26 local students

For the 5th year, InterceptEFT has partnered with the Smith Family Foundation to host the InterceptEFT Golf Extravaganza. Proceeds from the Golf Extravaganza are used to provide local students with scholarships. This year's Golf Extravaganza raised enough to give 26 scholarships to students!

Craig Dresser, CEO