NACHA Request for Information: Addenda Records

Executive Summary

• &nbspNACHA – The Electronic Payments Association’s has issued a Request for Information (RFI) to seek information on the possible expansion of the number and types of addenda records available for use with automated clearing house (ACH) payments.

• &nbspBased on feedback received, NACHA may develop specific proposals to amend the NACHA Rules.

• &nbspNACHA is primarily interested in four topic areas:

&nbsp&nbsp&nbsp&nbsp&nbsp1) Expanding the allowed number of addenda records to nine for all Standard Entry Class (SEC) Codes that currently are limited to zero or one addenda record;

&nbsp&nbsp&nbsp&nbsp&nbsp2) Increasing the number of addenda records for CTX (and perhaps ENR and TRX) transactions to a number larger than 9,999, or remove the limitation entirely;

&nbsp&nbsp&nbsp&nbsp&nbsp3) Creating additional addenda type codes to provide depository institutions with more information regarding the information they are receiving, such as free text, URL, XML, etc.; and

&nbsp&nbsp&nbsp&nbsp&nbsp4) Establishing service-level requirements for receiving depository financial institutions (RDFIs) to provide the payment-related information in addenda records to their consumer receivers.

• &nbspCUNA is interested in how these addenda record topics may affect credit union operations and compliance on the ACH network.

• &nbspComments for the request for information are due to NACHA by May 16, 2014; please submit your comments to CUNA by May 5, 2014.

• &nbspIf you have any questions or comments, please contact CUNA Assistant General Counsel for Regulatory Research Dennis Tsang at dtsang@cuna.com.

• &nbspFor additional background, please visit NACHA’s comment page, this RFI ; and a presentation on these topics

Question Title

* 1. Does your credit union have any comments or information regarding these four addenda record topics from the NACHA request for information?

Question Title

* 2. Any other comments or suggestions with addenda records or other related topics on ACH transactions?

Question Title

* 3. (Optional) What is your credit union's asset size?

Less than $5 million

$5 million to $10 million

$10 million to $20 million

$20 million to $50 million

$50 million to $100 million

$100 million to $200 million

$200 million to $500 million

$500 million to $1 billion

$1 billion or more

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* 4. (Optional) Please provide information about yourself and your credit union.

Name / Title:

Credit Union:

State:

ZIP:

Email Address:

Thank you for your input and time - CUNA Regulatory Advocacy Team