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New in 2017: Mandatory Third-Party Sender Registration

Beginning in 2017, NACHA is requiring mandatory registration of Third-Party Senders.

Registration begins via the NACHA website on September 29, 2017. Registration is DUE by March 1, 2018.

Failure to register will result in a Class 2 Rules Violation.   Per the guidelines, a Class 2 Rules Violation may result in a fine up to $100,000 per month until the problem is resolved.

To read the full article and to learn more click here.