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News, views and my insight into (and opinion of) the growing Payments Industry
Browsing All posts tagged under »NACHA«
Another bell tolls for the almighty check! NACHA’s new program coverts consumer checks at Point of First Deposit
I was quite pleased today to learn that NACHA is expanding the types of consumer checks eligible for conversion to the ACH. The concept of allowing consumer check deposits to be eligible for conversion has been contemplated since the inception of ARC (and later BOC) as valid ACH transaction types. Low value consumer check deposits […]
Wal-Mart et. al. need to stay out of the ACH rule making process–let me explain:
April 5, 2011
The last thing I want to see at the NACHA Board of Directors table is Wal-Mart–as noted in the article found below (copied for your reading pleasure from today’s American Banker). Directors of any organization have a responsibility to do what is in the interest of the organization, not push individual agendas. The concept that […]
A summer roll out of a decoupled debit card is in the works…..
March 15, 2011
Interesting announcement from The National Payment Card Association on a summer roll out of a decoupled debit card. I can only hope that the Association worked with NACHA to ensure that the correct rules will be followed. The last time this was introduced to the market a few years ago by Capital One, it was […]
Nine years to “birth this baby”–NACHA finally transitions Secure Vault Payments to full commercialization mode
September 17, 2010
Well...it took over 9 years to "birth this baby" if you can believe that one. As a matter of fact, I was four months pregnant with my youngest son when I attended the first NACHA meeting where this "Secure-Vault-Payments" idea was conceived. The theme of carrying a baby caught on perhaps?
Everything you read (about ACH risk management) may not always be accurate
August 25, 2010
Both NACHA and the Risk Management Group have done a lot of work to help create the subsequent rule changes that have reduced return item risk and volumes. So I did some investigation to understand how eGistics came up with their numbers and cross-referenced to the return numbers tracked and published by NACHA--the organization responsible for establishing and enforcing adherence to ACH rules.
March 29, 2012
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