2019 - January: ACH Rules Compliance Audit Requirements Consolidated in Article One
Previously the general obligation for participating DFIs (Depository Financial Institutions) and certain Third-Party Service Providers (TPSPs) and Third-Party Senders (TPSs) to conduct an audit was within Article One, Section 1.2.2. and the details pertaining to the audit obligations were located within Appendix Eight (Rule Compliance Audit Requirements) of the Rules. Effective January 1, 2019, the requirement to conduct an annual compliance audit is consolidated within Article One of the Rules. The prescribed list of topics that had been in Appendix Eight previously in the Rules is now part of the Guidelines as guidance.
2019 - June: RDFIs (Receiving Depository Financial Institutions) have Option to Return for Questionable Transaction
Effective June 21, 2019, this change allows RDFIs, but it is not required of RDFIs, to indicate within a return that the original transaction was questionable or part of anomalous activity. RDFIs electing to return under this circumstance would use R17 as the return reason code and would indicate “QUESTIONABLE” in the Addenda information field.
2019 - September: Providing Faster Funds Availability for Same Day and Next Day ACH Credits
Effective September 20, 2019, this new rule increases the speed of funds availability for certain Same Day ACH and next-day ACH credits. There are two changes with this rule, first, funds from Same Day ACH credits processed in the existing, first processing window will be made available to receivers by 1:30 p.m. RDFI local time. Secondly, funds from non-Same Day ACH credits will be available by 9:00 a.m. RDFI local time on the settlement day, if the RDFI had them by 5:00 p.m. on the previous day. This applies the existing “PPD rule” to all ACH credits.
2018 - March: Same Day ACH Phase 3
Effective March 16, 2019, the final phase of the initial Same Day ACH implements the rule that funds availability for Same Day ACH credits is by 5:00 p.m. local time of the receiving financial institution.
2017 - September: Same Day ACH Debits
2017 - September: Third Party Sender Registry
2016 - October: Unauthorized Entry Fee
2016 - September: Same Day ACH
2015 - September: Return Rate Changes
2015 - March: Removal of Notification of Change and Rule Changes Related to Dishonored Returns
2015 - January: Return Fee Entry Formatting Clarification
2014 - September: Prenote Waiting Period Change and B2B Authorization Records
2014 - March: Person-to-Person Payments via ACH
2013 - September: ACH Security Framework
2013 - September: Healthcare Payments via ACH
2013 - September: Stop Payments - Effective Period of Stop Period to Non-Consumer Account
2013 - March: IAT Modifications and Refinements
2012 - September: IAT Modifications and Refinements
2012 - March: Expansion of ARC Application and IAT Modifications and Refinements
2012 - January: Corporate Account Takeover - Availability Exception Option
2011 - September: Enhancements to ACH Applications and New Rule Requirements
2010 - March: Consumer Debit Authorizations and Stop Payments