Hi, in our business model we need to save ACH details like bank account number, routing number programmatically & not using any payment provider like stripe. What are the set of rules that we need to follow?
#Save ACH Details
velvet cargo
woven laurel
I think the most basic thing you should do is store all of that data in an encrypted format. No idea if there are a standard set of rules but definitely assume you need to follow maximum security standards when it comes to banking information
In case you didn't know about it already there is an Encrypted cast for Eloquent models https://laravel.com/docs/9.x/eloquent-mutators#encrypted-casting
velvet cargo
Yes thats a good recommendation
And we are doing the same
But are there any NACHA rules
like about Mandate
woven laurel
No idea I'm not a lawyer nor have I built anything requiring banking info to be stored. I always hand it off to stripe
velvet cargo
ok. By any chance if you know any moderator here who has understanding about this. It would be very helpful
woven laurel
I doubt you'll find any concrete advice on laws here. Everyone here primarily provides development advice. You should either consult a lawyer or read through relevant laws/regulations yourself
velvet cargo
Can you recommend any payments discord channel to ask this specific question
woven laurel
nope. You really should do the research yourself. You have no way to verify if anyone on discords advice is accurate and you don't want to be held liable for following bad advice. Banking information is extremely sensitive so shortcuts are a bad idea
velvet cargo
ok thank you Cole Shirley
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