NACHA, the US Electronic Payments Association said Commerce Bank of Cherry Hill, New Jersey has become its financial institution member. Commerce Bank is also joining NACHA’s Electronic Check Council and Internet Council. NACHA now has 35 members consisting of 21 payments associations and 14 financial institutions. It’s members originated more than 61 percent of commercial automated clearing house (ACH) transactions during 2001. NACHA develops operating rules and business practices for the Automated Clearing House (ACH) Network and for electronic payments in the areas of Internet commerce, electronic bill and invoice presentment and payment (EBPP, EIPP), financial electronic data interchange (EDI), international payments, electronic checks, and electronic benefits transfer (EBT).
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.