Episode 198: A Data Security Requirement for the Vendor Bank Account Number? Yes! Learn More from Nacha’s Amy Morris

Putting the AP in hAPpy

Does your company have ACH transactions? That answer is most likely yes – then if you or your team handles vendor invoices or vendor bank details – then you want to hear this episode. My guest today is Amy Morris, Senior Director, ACH Network Rules for Nacha and she is here to talk about an operating rule that requires security of your vendor’s bank account number wherever it is stored electronically. What is that rule? Is your company required to comply? Who is Nacha? .....

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Check out my website www.debrarrichardson.com if you need help cleaning your vendor master file or implementing authentication techniques, internal controls, and best practices to prevent fraudulent payments, regulatory fines or bad vendor data.

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Links mentioned in the podcast:

• Nacha > Operating Rules > Supplementing Data Security Requirements: https://www.nacha.org/rules/supplementing-data-security-requirements
• Nacha > Operating Rules > Micro-Entries: https://www.nacha.org/micro-entries
• Nacha > ACH Rules Resources for Corporates: https://www.nacha.org/content/ach-rules-resources-corporates
• Nacha > File Delivery Bulletin (Additional Late Night ACH File Deliveries to Start in September 2022: https://www.nacha.org/sites/default/files/2022-07/ACH_Operations_Bulletin_2-2022_Additional_ACH_File_Delivery_Final_July_26_2022.pdf
• Nacha > Sign Up to Rules News (scroll to footer): https://www.nacha.org/rules/operating-rules
• Nacha > Operating Rules Products > Store: https://www.nacha.org/rulesyourway

More Vendor Process Resources

• Vendor Validation Reference List with Resources Links: www.debrarrichardson.com/vendor-validation-download
• Essentials Training Series: IRS W-9, W-8, TINCheck.com, and 3 Step Vendor Setup & Maintenance Workshop
• Vendor Process Training Pass for weekly vendor process training, weekly Q&A sessions, and digital content
• Vendor Master File Clean-Up: https://www.debrarrichardson.com/cleanup
• Free Vendor Process Risk Assessment > Schedule here: https://calendly.com/debrarrichardson/vendor-process-risk-assessment
• YouTube Channel: https://www.youtube.com/channel/UCqeoffeQu3pSXMV8fUIGNiw
• Prevent Fraudulent Payments. Get Your Own Copy of the3 Step Vendor Setup and Maintenance Process eGuide.
• More Podcasts/Blogs/Webinars www.debrarrichardson.com
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