NACHA, the Electronic Payments Association, is the organization that manages the development, administration and governance of the ACH Network. They recently proposed the Expedited Processing and Settlement (EPS) amendment to the NACHA Operating Rules (“Rules”) that would enable ACH entries to be processed and settled on the same day that they are originated. There are several forces [...]
Posts Tagged: electronic payment
The Top 5 Reasons Why Checks Still Dominate B2B Payments – Reason #2
Why do companies continue to pay by check? In part two of the series “The Top 5 Reasons Why Checks Still Dominate B2B Payments” I explore the absence of paper remittance data as a perceived obstacle to timely, accurate cash application when paying electronically. Reason #2 – Remittance. Remittance is critical for suppliers because the [...]
Funding Your A/P Automation Projects – Part 2
Turn Your A/P Cost Center into a Revenue Generator! As a follow on to my last post, Funding A/P Automation Projects, which discussed the use of virtual card technology to earn rebates, I thought it would be useful to offer an example of revenue potential. A corporation that prints and mails (5,000) checks per month [...]
