Industry News - What Is
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
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.
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.