Nacha launched an opt-in program to facilitate the return and recovery of potentially fraudulent unemployment benefits originally paid by ACH credits.
Purpose: The program is designed to help improve the recovery of funds that may have been disbursed to inappropriate parties.
Participants: The program is beginning with two originating depository financial institutions participating on behalf of eight states: Florida, Idaho, Kansas, Minnesota, Montana, Nebraska, Utah, and Wisconsin.
More: Receiving depository financial institutions do not need to opt in to return funds to the participating states.
