Bluefin Product

Real-Time ACH Account Verification Service

Verify your customers’ ACH transactions and comply with the Nacha first-time web debit rule

Beginning on March 19th, 2022, Nacha will require that companies originating ACH transactions validate the first use of an account number, or changes to an account number. This can also be referred to as “first-time web debit.” The regulation is part of a broader Nacha initiative to help prevent fraudulent transactions and as such, any company accepting ACH transactions is subject to this requirement. We have partnered with MicroBilt, a preferred Nacha partner, to provide our clients with seamless account verification directly through PayConex™.

Rule compliance:

Comply with Nacha regulations and avoid costs associated with late returns or lost revenue due to incorrect ACH payment details.

SEC code support:

Our service will perform first-time validation on transactions marked with the WEB SEC code but also supports verification of additional SEC codes.

Simple setup:

Once Bluefin enables the PayConex account for ACH verification, clients simply select the SEC code they would like to verify on their hosted payment forms (HPF’s).

Seamless reporting:

The ACH verification message is included in PayConex transaction details, to allow insight on a single transaction, and in customer reporting for transparent reconciliation.