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added: Wed, 21st September 2005 | 393 views | 1x in favourites
feed url: http://www.ach-payments.com/RSS/Rss.php?ChannelID=9
ACH Processing News
Worldwide ACH and the problems it faces
Pre paid cards hit the mainstream
ACH Direct and MYOB announce launch of MAC based processing system
Herndon, Virginia, December 17, 2004 - Five hundred fifty-three payments industry professionals received accreditation or were re-accredited in 2004 by NACHA
By Christmas, Java execs expect to complete the first draft proposal for JPay, an new set of open APIs to ease the cost, time and complexity for supporting electronic payments
Check 21 has taken effect, but who wins? asks Leo Lipis, market advisor, Voca
Check 21 Kicks In but who benefits?
Use of electronic payment methods, including credit and debit cards, surpassed checks in the United States for the first time in 2003, according to a study by the Federal Reserve. Electronic transactions totaled 44.5 billion, compared to 36.7 billion checks
Examinations of online banking conducted by Watchfire GomezPro and by the largest banks tie much of the profit contribution of online banking to the minority of online bankers that use bill payment.
UseMyBank's proprietary software opens new markets for internet merchants while lowering the risk of fraud or chargebacks
Changes are bringing Americans closer to a checkless society -- changes that could be costly if you aren't careful. A new federal law called the Check Clearing for the 21st Century Act, or Check 21
To spur electronic transactions among businesses, especially small ones, Clearing House Payments Co. LLC is developing a new payment standard. EDI files are quite complex and can include hundreds of data fields. Not all of them are needed to process a payment, but companies initiating transactions and their payees must set up their systems to use the same fields, in the same format. If the two systems use different formats, or if the sender uses too many or too few fields, the recipient may not be able to process the payment correctly
When you shop at Wal-Mart or even the local Goodwill store and write a check, don't count on much of a "float." No, not because of the new Check 21 law - which says financial institutions must accept digital images of checks for processing - but rather that more and more retailers are using what's called electronic check conversion. See
High fraud rates continue to plague electronic commerce Web sites, with criminals expected to steal $2.6 billion from online merchants this year, according to a new survey.
How the Check 21 ACT affects businesses and consumers.
NACHA proposes stiff fees for the ODFI bank for R7/R10 charge backs.
EChecks and how Check 21 impacts consumers
ACH processor fined 1.5 mil for processing for outbound telemarketing.
Reasons your Business Needs ACH Processing
Payment Data Systems and Secure Cash Network Begin Distribution of Pronto Banco to Celluphone Retailers Nationwide
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