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Previous
Initiatives
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Financial Institution Authentication Forum
In response to increasing demand from the government and
industry for financial institution solutions in identity
management, the Internet Council formed the Financial
Institutions Authentication Forum (the FI Forum) in May
2004. Participation in the FI Forum is comprised of
regulated depository financial institutions, which are also
members of NACHA's Internet Council. The FI Forum was
created for the purpose of sharing information and
identifying best practices and guidelines for authentication
and identity management across the industry. The Forum also
intends to work collectively to provide input on significant
industry authentication and security initiatives underway
within organizations outside of the Internet Council that
effect the financial services industry.
Participation in the Forum is open to regulated depository
financial institution members of NACHA’s Internet Council,
regional payment associations of NACHA that are members of
NACHA and the Internet Council and NACHA Staff.
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WEB/TEL
Research Project
The
Internet Council has issued the report, Surveying the
Landscape for Internet and Telephone-initiated ACH Consumer
Debits. This report is a direct result of the hard work
of the WEB/TEL survey project members and Javelin Strategy
& Research. This study has helped us to
better understand two rapidly growing applications and
positioned us to address important issues such as authentication,
fraud, data security, and return rates within the
Council. This report is available for Internet Council
members only and is available on the Members Site
Surveying the Landscape for Internet and Telephone-initiated ACH Consumer Debits
(.pdf)
- NACHA
Internet Council Reports on Managing Risks of Internet
Payments
The Internet Council has issued two
new publications designed to provide financial
institutions and merchants with educational resources on
managing risk and preventing fraud associated with
Internet-initiated payments.
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NACHA
Internet Council to Study ACH Security
Fraud
To produce a catalog of fraud
types, case studies, mitigation tips, and resources for FIs
and merchants.
Risk:
To produce a NACHA publication on how
to manage risk in the ACH, credit card, debit card, person-to-person
payments systems.
XML:
To determine the feasibility of transporting
XML through the ACH.
ACTION:
Helped develop "push" payment model
to enable consumers to go to their financial institutions
to originate payments for Internet-based transactions, which
formed the basis of Project ACTION (ACH Credit Transactions
Initiated Online).
Understanding
ACH Debits:
Produced publication that gives Internet
merchants a grounding in the ACH rules applicable to WEB entries,
the rationale behind the new rules, and best practices and
advice for complying with the rules.
WEB
Entries:
Influenced and supported the development
of NACHA Operating Rules for Internet ACH payments.
Internet
Secure ATM Payments (ISAP) Pilot:
Facilitated project that developed technology
to transport Internet-initiated ATM /debit card payments secured
by digital signatures through EFT networks.
Certificate
Authority Rating and Trust (CARAT) Guidelines for Constructing
Policies Governing the Use of Identity-based Public Key Certificates:
Guidelines for implementing Public Key
Infrastructure (PKI)
Certificate
Authority Interoperability Pilot:
Successfully completed a pilot program
to define legal framework, business practices, and technical
specifications and evaluate the role of financial institutions
serving as certificate authorities.
The
Management of Risks Created by Internet-Initiated Value Transfers:
Evaluated risks related to Internet
payments.
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