How does Quickbooks Online cover ACH transactions with the new NACHA Web Debt Account Validation Rule that is now being enforced as of a couple of weeks ago?
https://www.nacha.org/rules/supplementing-fraud-detection-standards-web-debits
I'm not seeing any documentation anywhere - how are other handling this? I see some different options and trying to figure out what other companies are doing who may use ACH transactions to run customer payments. Below is an excerpt from the website link above:
Examples of methods to validate an account may include, but are not limited to, the use of a Prenotification Entry, ACH micro-transaction verification, use of a commercially available validation service provided by either an ODFI or a third-party, and use of account validation capabilities or services enabled by APIs.
Other options not listed above may also provide a commercially reasonable means to test an account for ACH use. As an example, use of a third-party that provides scoring information on the account status might be determined by some Originators to be a commercially reasonable option. Similarly, for others, an account with a proven history of prior successful payments may prove a sufficient means for validation for use of the account with a new WEB authorization.
Thanks
Tara
