US Electronic Payments Association Nacha has awarded CheckFree the Kevin O’Brien ACH Quality Award. CheckFree is being recognized as a third-party service provider for achieving a 0.01 per cent administrative return rate on ARC payments it processes. Through software and outsourcing, CheckFree processes millions of ARC transactions each month for national telecommunications, credit card issuers and regional utilities. In the fourth quarter of 2004, CheckFree’s administrative return rate for these ARC payments was 0.01 per cent, 14 times better than the industry average of 0.14 per cent. The Kevin O’Brien ACH Quality Award is presented annually to one or more organizations to recognize best practices in ACH participants’ efforts to maintain and improve the quality of ACH services and the integrity and reliability of the ACH Network. The award is named after the late Kevin O’Brien, Nacha’s chairman in 1999-2000.
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