PAYMENTS NACHA Outlines Risks of Consumer-to-Consumer Debits

Nov 27, 2017

NACHA issued an operations bulletin on managing the risks of consumer-to-other-consumer debits.

The bulletin strongly discourages originating depository financial institutions from facilitating C2C payments unless it is certain of its full compliance with all rules that apply to the origination of all ACH debits.

Further, it encourages financial institutions that do not offer C2C debit capability to verify that their products, platforms, or service providers are not inadvertently or unintentionally configured to allow this type of transaction.

Read NACHA’s Bulletin