ICBA expressed support for Nacha’s proposal to include the Treasury Department’s Bureau of the Fiscal Service in the ACH Contact Registry.

Enabling BFS participation in the registry provides clear benefits to community banks by facilitating direct, reliable communication with appropriate Treasury contacts regarding ACH payments, exceptions, and time-sensitive issues such as improper payment recovery.

Access to verified BFS contact information will also enhance fraud mitigation efforts by enabling financial institutions to authenticate inbound communications.