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October 3, 2016
Health Club Software Provider ABC Financial

ACH Unauthorized Entry Fee takes effect October 3, 2016

By: ABC Financial Merchant Services Effective October 3rd, NACHA has implemented a rule requiring an ODFI (Originating Depository Financial Institutions) to pay the RDFI (Receiving Depository Financial Institutions) a fee for all ACH debits returned with an unauthorized reason code.  ABC will be assessing a $7.50 pass-through fee […]