Overview of the NACHA component
NACHA is a national, not-for-profit organization that develops operating rules and business practices for electronic payments. The Pack for Financial Payments, NACHA component provides support for the exchange of ACH payments.
Introduction to the Pack for Financial Payments NACHA component
The Pack for Financial Payments NACHA component is used for validation and mapping of files that conform to the National Automated Clearing House Association (NACHA) Operating Rules. The NACHA component can be integrated into larger solutions.
The NACHA component includes a ITX type tree that complies with the ACH file. It also includes record and field level specifications and example maps to help you use the type tree.
The pack delivers extensive compliance by use of the validation rules and content restrictions included in the type tree definitions.
- Corporate Credit or Debit (CCD)
- Corporate Trade Exchange (CTX)
- Death Notification Entry (DNE)
- International ACH Transaction (IAT)
- Prearranged Payments and Deposits (PPD)
- Returns
- Notification of Change
- Refused Notification of Change
- Contested Dishonored Returns
Maps are included to support the NACHA endorsed banking conventions for ACH entries with payment-related information.
It further includes examples that can be executed in the IBM Sterling B2B Integrator ACH service.
Introductory and reference documentation is included to implement the Pack for Financial Payments NACHA component as part of an overall electronics payments solution.
The NACHA standard
Members of the NACHA organization define the rules that cover the Automated Clearing House (ACH) network in the United States. The ACH Network is a nationwide electronic funds transfer system that is a batch-oriented store and forward system. In this system, transactions received by financial institutions are stored and processed later in the day in a batch mode, rather than receiving and processing each payment individually.