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: international ach
When the US Payment is the Foreign Payment
The North American B2B Payments landscape is somewhat unique, due in large part to the significantly high use of checks as opposed to ACH, wires or cards. The shortcomings of checks are well known and understood and they include higher costs, greater levels of fraud and longer settlement periods. The 2010 AFP Electronic Payments Survey [...]
