NACHA Recognized for Work that Resulted in the Publishing of New ISO 20022 Remittance Messages during Recent EBAday 2014 Forum
PR Web |
Today, NACHA -The Electronic Payments Association® announced that it was recognized for its work supporting the development and publishing of new ISO 20022 standalone electronic remittance messages during the EBAday 2014 Forum held in
"We are pleased to be recognized for our efforts to help standardize the delivery of remittance information," said
In 2013, NACHA launched its XML-ACH Remittance Program that defines the conditions and rules for using ISO 20022 messages for B2B payment remittance information. The ACH Network has the flexibility to support both approved EDI and ISO 20022 message formats for B2B payments.
NACHA collaborated with the
For more information about NACHA's XML-ACH Remittance Program, visit http://www.nacha.org. For more information about the
About NACHA --
NACHA manages the development, administration, and governance of the ACH Network, the backbone for the electronic movement of money and data. The ACH Network provides a safe, secure, and reliable network for direct account-to-account consumer, business, and government payments. Annually, it facilitates billions of Direct Deposit via ACH and Direct Payment via ACH transactions. Used by all types of financial institutions, the ACH Network is governed by the fair and equitable NACHA Operating Rules, which guide risk management and create payment certainty for all participants. As a not-for-profit association, NACHA represents more than 10,000 financial institutions via 16 Regional Payments Associations and direct membership. Through its industry councils and forums, NACHA brings together payments system stakeholders to foster dialogue and innovation to strengthen the ACH Network. To learn more, please visit http://www.nacha.org, http://www.electronicpayments.org, http://www.payitgreen.org, and http://direct.nacha.org.
Read the full story at http://www.prweb.com/releases/NACHA/ISO20022/prweb11966376.htm
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