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Updating Your AP Policy for Nacha Rules
March 4, 2026
Q. We are updating our Accounts Payable Policy to include the new NACHA rules. I have listed part of our policy below. Do we need to provide more detailed information? 1.0 POLICYThe College is committed to processing student, vendor, and employee payments accurately, efficiently, and in a manner that supports positive relationships while safeguarding institutional resources. As an originator of Automatic Clearing House (ACH) payments also known as direct deposit, the College must also comply…
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