NACHA operating rule changes for your ACH transactions

Legacy Contributor

Does anyone know if we need to implement a code patch to the PR160 to accommodate the 1st phase of the NACHA operating rule changes for ACH. I haven't seen anything and Infor doesn't seem familiar with these transaction codes?

Effective date and NACHA rule
What’s changing
Considerations for your organization
January 1, 2016: Definition of zero-dollar entry
This rule adds the following definition to Article Eight (definitions of terms used in these rules):

Section 8.116 “Zero-Dollar Entry” – a non-monetary entry transmitted by an originator to the account of a receiver to convey payment related remittance data to the receiver. A zero-dollar entry must (1) use an appropriate zero-dollar entry transaction code; and (2) be transmitted as (i) a CCD or CTX entry to a non-consumer account of the receiver, or (ii) an IAT entry to the account of any receiver.

If you originate zero-dollar entries, please make sure you submit them with the correct transaction code to distinguish them from pre-notes: 24: Credit to a DDA account 29: Debit to a DDA account 34: Credit to a savings account 39: Debit to a savings account