Fraudulent Emails Appearing to Come from NACHA

Feb 10, 2012 | Posted in Fraud Alerts

NACHA reports that individuals and organizations in the U.S. and other nations are receiving emails that fraudulently claim to come from NACHA regarding ACH payment transactions.

NACHA provides consumers and businesses with these tips:

  • NACHA does not process nor otherwise touch the ACH transactions that flow via the ACH Network nor between financial institutions and their customers.
  • NACHA does not send communications of any type to persons or organizations about individual ACH transactions that they originate or receive. If you or your member has received a communication of this nature that purports to come from NACHA, it is fraudulent.
  • NACHA is the industry trade association that manages the development, administration, and governance of the ACH Network, the backbone for the electronic movement of money and data.
  • The ACH Network serves as a safe, secure, reliable network for direct consumer, business, and government payments, and annually facilitates billions of payments, such as Direct Deposit and Direct Payment.

These incidents are occurring with greater frequency and increased sophistication. Perpetrators are conducting similar phishing attacks in which they are sending fraudulent emails that claim to be from the Federal Reserve Bank, IRS, other federal agencies, as well as commercial financial institutions, other payment organizations, technology companies, and businesses.