ACH Payroll Processing & Fedwire Blog

ACH Payroll Processing & Fedwire Blog

  • Federal Reserve Warning: Fraudulent FedACH Payment Activity

    Federal Reserve Warning: Fraudulent FedACH Payment Activity

    Date : Monday, July 17, 2017

    According to the Federal Reserve, there has been a recent increase in fraudulent payment activity in the FedACH® network. Unauthorized debits, including consumer bill payments and other larger dollar items possibly including ACH direct deposits for payroll, have been originated using Federal Reserve Bank routing transit numbers as the receiving institution. These debits have been returned through the normal ACH return process, using a “R03 – No Account/Unable to Locate Account” return reason code. ..

    Read More
  • 3 signs you need new ACH Payroll Provider

    3 signs you need new ACH Payroll Provider

    Date : Wednesday, November 02, 2016

    One of the most important responsibilities of any organization is completing payroll for employees. Today, direct deposit is a popular way to accomplish this obligation. This process is completed through the Automated Clearing House, or ACH, which has had great results with employee satisfaction: Around 87% of workers are happy with their employer utilizing ACH to send funds directly into their accounts, according to National Automated Clearing House Association (NACHA). ..

    Read More
  • ACH fraud trends companies should be aware of

    ACH fraud trends companies should be aware of

    Date : Thursday, March 24, 2016

    Consumers around the world are familiar with the large-scale hacks that have occurred in the past few years. While news of these breaches was widespread, other unnoticed security invasions occur on a daily basis. One of the threatened organizations is the Automated Clearing House, which processes large batches of financial transactions and transfers for payroll, direct deposit and vendor payments. Companies in a variety of industries utilize this service for their employees, but may be unaware of the risks they face.

    ACH fraudsters are becoming more intelligent, finding new ways to get their hands on people's sensitive information and money. There are certain popular devices these hackers use to gain access to business credentials and more. It's important for organizations to be aware of these ACH fraud trends to combat them in the future:


    Read More
  • 3 Ways to Fight ACH Fraud

    3 Ways to Fight ACH Fraud

    Date : Wednesday, March 09, 2016

    As time goes on and technology becomes more and more advanced, fraudsters find new and improved ways to steal people's sensitive information. Unfortunately, Automated Clearing House payments (ACH) – used by businesses for direct deposit, cash transfers and more – has become a target for hackers since they only need a bank routing number and checking account number to do their damage, according to CSO. Companies need to develop strategies for preventing these scenarios to better protect their employees and customers. Let's take a look at three examples:


    Read More

  • Archive


    Our Partners