Forte is committed to educating merchants about compliance and industry standards that could potentially impact their business. In the upcoming months, we will also be making some systematic changes to ensure that merchants are processing transactions using the appropriate SEC codes in accordance to NACHA standards. Beginning October 2, 2019, all merchants will have the ability to process transactions based off of their historical processing history and market type. Our Risk department may contact you for a proof of authorization (POA) request as a part of our routine transaction audits. Please ensure that transactions are processed using the appropriate SEC code to assist in minimizing losses and/or fines to your company.
* A revised date for implementation has been updated from August 2019 to October 2, 2019.