Summer 2019 Newsletter - New
Supplementing Data Security Requirements
Implementation begins with the largest originators and TPSPs (including TPSs), and initially applies to those with ACH volume of 6 million transactions or greater annually. A second phase applies to those with ACH volume of 2 million transactions or greater annually.The Impact: Implementation for those originators and Third-Parties that currently would not be compliant.
- Phase 1: June 30, 2020 for originators and Third-Parties with ACH volume greater than 6 million in 2019
- Phase 2 :June 30, 2021 for originators and Third-Parties with ACH volume greater than 2 million in 2020