Electronic payments association NACHA has introduced a new operating rule governing third-party processing of automated clearing house (ACH) payments. The rule became effective on December 10, 2004. The new rule requires agreements that specifically bind third-parties to the NACHA Operating Rules when a third-party’s customer does not have such an agreement with the originating financial institution (ODFI). “The new rule establishes an appropriate legal framework for the chain of agreements that bind third-party users to the NACHA Operating Rules. Ensuring that all ACH users are bound to the Rules will enable NACHA to better enforce the Rules, and enable ODFIs to better manage risks associated with originating ACH payments,” NACHA said.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more