The Role of ACH in Driving Payments Innovation

From Payments.com –

“Over the past 40 years, innovators of all shapes and sizes have used ACH to enable an array of payments opportunities. According to Jan Estep, President and CEO of NACHA, the ACH network has been in a state of continuous change to meet the needs of its end-users. Now, the ACH blueprint, she says, will set the course for the network in the future, as it serves as the “backbone” from which payments can grow. MPD CEO Karen Webster sat down with Estep and Jeff Thorness, CEO of Forte Payment Systems, to understand how ACH is being used today, the impact of same-day ACH on payments innovation, and how ACH measures up to next-gen schemes like Apple Pay.”

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NACHA’s Payments Innovation Alliance Announces Release of White Paper: “The Future of Corporate Payments”

Virtual-Strategy Magazine

“The Electronic Payments Association’s Payments Innovation Alliance announced the release of its first white paper. The paper, entitled The Future of Corporate Payments, takes an in-depth look at the evolving landscape of corporate payments, providing an overview of corporate payment developments and the challenges and opportunities these developments present to financial institutions.

The white paper explores advances such as mobile B2B transactions, real-time payments and data standards, and the ways in which corporates are utilizing these products and services. The paper also outlines the challenges and opportunities financial institutions are now facing in meeting the needs of corporate customers as they relate to small to medium enterprise (SME) banking, straight-through processing, utilization of ACH payments, international payments and standards, and electronic invoicing. Additionally, the paper raises a number of strategic questions around corporate payments that financial institutions should evaluate to help ensure they are prepared for the current and future needs of corporate customers.”

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