Blog: NACHA Global Payments Forum. A GXS Waltz in Vienna

payologie — Fri, 05 Apr 2013 14:02:21 +0000

In a recent announcement GXS highlighted the reasons behind our new membership to the National Automated Clearing House Association’s Global Payment Forum. Last week, I attended the 2013 forum in Vienna, alongside other senior executives from global payments stakeholders; Banks, ACHs, national associations and technology vendors. Here are the highlights of my GXS waltz in Vienna.

Payments 3D, New Event at PAYMENTS Conference is Now Full

payologie — Wed, 13 Mar 2013 17:15:39 +0000

NACHA News: Newest Element of PAYMENTS Conference, Payments 3D, Now Full

First-Year Event, Which Showcases the Latest Payments Innovators and Payments Solutions, Will Feature Companies Such as Sipree, Kabbage, and FeedZai, Among Others

HERNDON, Va., March 7, 2013 – NACHA – The Electronic Payments Association announced today that the program for the newest element of the annual PAYMENTS Conference, Payments 3D, is now completely full. Payments 3D, which will be held during PAYMENTS 2013 on April 23 at the San Diego Convention Center, provides an opportunity for leading payments innovators and challengers to showcase the latest ideas and solutions for the payments industry. In just its first year, and with more than six weeks left before the actual event, Payments 3D is already at capacity.

Read the press release.

NACHA and Regional Payments Associations Celebrate 5th Annual AAP Recognition Day

payologie — Mon, 11 Feb 2013 17:43:00 +0000

On February12, 2013, NACHA — The Electronic Payments Association will partner with the Regional Payments Associations to honor the 4,000 Accredited ACH Professionals (AAPs) – including the 391 newly-accredited AAPs - as part of National AAP Recognition Day. Celebrated annually on the second Tuesday of February, AAP Recognition Day highlights the importance of the AAP accreditation, as well as celebrates the achievements and contributions of AAPs nationwide. This year, NACHA, the Regional Payments Associations, and a host of other organizations will be celebrating AAP Recognition Day in unique ways across the country.

NACHA’s 2013 Payments System Awards Call for Nominations

payologie — Mon, 07 Jan 2013 14:16:03 +0000

NACHA invites your nominations for its 2013 Payments System Awards. These high-profile awards attract a diverse range of entries from organizations both large and small. Send a positive message to existing customers and attract new customers with one of these prestigious awards:

2013 George Mitchell Payments System Award
2013 Kevin O’Brien ACH Quality Award
2013 PayItGreen Award

NACHA Awards Nearly 400 Individuals the Accredited ACH Professional Credential

payologie — Mon, 07 Jan 2013 13:26:43 +0000

NACHA Awards Nearly 400 Individuals the Accredited ACH Professional Credential

Individuals Join Select Group of Professionals Regarded as Experts in the Payments Industry

HERNDON, Va., December 20, 2012 – NACHA – The Electronic Payments Association recently awarded nearly 400 individuals the Accredited ACH Professional (AAP) credential, which establishes one’s credibility, professional competency, and expertise within the payments industry. These individuals join the more than 4,000 ACH professionals who have been awarded the credential since the inception of the AAP Program in 1993.

CFPB Announces Proposed Changes to Remittance Transfer Rule

payologie — Tue, 27 Nov 2012 19:38:06 +0000

The Consumer Financial Protection Bureau (CFPB or the Bureau) announced today that it plans to issue a proposal next month to modify the rule regarding foreign remittance transfers (section 1073 of the Dodd-Frank Act).

The proposal will be narrowly targeted to address the rule’s provisions on key points raised by the industry:

Liability Shift
- Errors resulting from incorrect account numbers provided by senders of remittance transfers
Foreign Tax Disclosure
- The disclosure of certain foreign taxes and third-party fees
- The disclosure of sub-national, foreign taxes
Implementation Timing
- Brief extension of the effective date until 90 days after the Bureau finalizes the proposal.
- Likely proposed effective date sometime during the spring of 2013.

100 Day Countdown to All-Electronic Federal Benefit Payments

payologie — Mon, 26 Nov 2012 15:23:20 +0000

Time Is Running Out: Switch Your Customers to Electronic Federal Benefit Payments Today
Source: U.S. Department of the Treasury, Financial Management Service

There are only 100 days left to switch your customers from paper checks to direct deposit via ACH for their federal benefit payments. People who receive a paper check must make the switch by March 1, 2013 – it’s the law. Make a special point in these final 100 days to inform every customer who cashes a government check that they are required by law to switch to electronic payments and help them make the switch today.

The U.S. Department of the Treasury’s Go Direct^®campaign makes it easy for banks to train frontline staff and urge federal benefit check recipients to switch now before time runs out. Visit the Partners section of www.GoDirect.org for additional information and free materials, including a checklist of partner activities, to help you share this important message.

Head of Financial Innovations at PayPal to Keynote NACHA’s Global Payment Strategies Conference

payologie — Wed, 14 Nov 2012 15:28:49 +0000

HERNDON, Va., October 29, 2012 – NACHA – The Electronic Payments Association announced today that Dan Schatt, General Manager of Financial Innovations at PayPal, will keynote its 2012 Global Payments Strategies Conference. The Conference, which will take place December 5-6 in Miami, Fla., is an interactive educational event designed specifically for senior level payments and treasury management executives responsible for developing and implementing global payments and commerce strategies.

Read the press release.

What is ACH? Quick Facts about the Automated Clearing House Network

payologie — Wed, 03 Oct 2012 16:02:44 +0000

The Automated Clearing House Network
The Automated Clearing House (ACH) Network is the backbone for the electronic movement of money and payment-related data. It provides a safe, secure, electronic network for direct consumer, business, and government payments, and annually facilitates billions of Direct Deposit via ACH and Direct Payment via ACH transactions. The Network, which is used by all types of financial institutions, is governed by the fair and equitable NACHA Operating Rules, which guide risk management and create payment certainty for all participants.

Get the Quick Facts.

NACHA’s Council for Electronic Billing and Payment Facilitates Industry Dialogue on Approaches to Quick Response (QR) Encoding for Consumer Bill Pay

payologie — Fri, 14 Sep 2012 14:07:11 +0000

CEBP Seeks Feedback on Proposed Guidelines

To continue to provide the electronic payments industry with leading edge products, processes and solutions, NACHA – The Electronic Payments Association’s Council for Electronic Billing and Payment (CEBP) has collaborated with members to develop recommendations on ways to approach consumer bill payment through Quick Response (QR) Codes. The CEBP, an industry group of service providers, users, and stakeholders, drafted proposed guidelines for using QR codes in a variety of bill payment scenarios, and is currently seeking input from the payments industry on these guidelines.

Read the press release.