On June 22nd, every business originating ACH payments, whether you send 20 or 20,000 vendor payments per month, will be required to implement documented, risk-based fraud monitoring for ACH transactions, verify recipient bank accounts before sending payment, and maintain a searchable audit trail for at least two years.

There is no volume threshold and no grace period.

The fines are real, nearly doubling in 2023, hitting 88% of small organizations that assumed the rules didn’t apply. Many remain unaware that these requirements apply directly to their AP and payment workflows.

Join this educational session covering:

• An overview of Nacha Phase 2 and its three key requirements
• Where most finance team and AP teams have the greatest exposure
• What compliant ACH payment workflows need to look like
• Best practices for fraud monitoring and bank account verification