Nacha's Request for Comment (RFC) on proposed modifications to the ACH Rules and Request for Information (RFI), both related to International ACH Transactions, close on Friday, May 30.

Through the RFC, Nacha is seeking comments on seven proposals to modify the IAT rules and on additional “IAT or not IAT” scenarios intended to help industry participants identify when to use IAT. Generally, these proposed rules and scenarios are intended to improve the industry’s understanding of IAT, increase the efficiency of IAT processing, and better enable IAT-related exception resolution.

Nacha also seeks industry feedback through the RFI on other topics related to IATs that could serve as the basis of future rules proposals. These topics generally concern the quality and formatting of data contained in IATs.

If you missed the opportunity earlier this month to respond to ePayResources' survey to inform our official response to Nacha, you can still respond directly to Nacha through this Friday, May 30. Click Read More below for complete details and to access the surveys.