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Industry
News - What Is Happening in Electronic Payments
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Fed Announces Policy Change to
Operating Circular 3 - The Federal Reserve System Retail Payments
Office announced a policy change to Operating Circular 3, effective July
15, 2008, that will hold sending banks liable for remotely-created
payment orders that bypass NACHA rules and monitoring. Read Entire Story
at the Fed's
web site: http://www.frbservices.org/.
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TOP 9 e PAYMENT SOLUTIONS - Q~Check
named a Winner in Collection Advisor Magazine top technology awards
issue of December 2007. Click here to
read more.
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About NACHA - The
Electronic Payments Association is a not-for-profit association
that oversees the Automated Clearing House (ACH) Network, one of the
largest electronic payment networks in the world. More than 18 billion
ACH payments were exchanged in 2007.
Read More about NACHA on their web site: http://www.nacha.org/About/default.htm
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