New Nacha Rule

New Nacha Rule: Stored Vendor Banking Information Must Be Unreadable

August 9, 2022


Recently, an IOFM member inquired about AP’s responsibility to secure vendors’ account information in electronic files. Specifically, she asked: Do we need to redact bank account information on a vendor invoice in order to comply with Nacha guidelines? How can I find specifics for Nacha guidelines and how they apply to AP supplier information? IOFM conferred with Debra Richardson (, Vendor Master File expert and IOFM advisor, to identify the Nacha ruling on this…

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