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NEWS RELEASE
CONTACT:
NACHA Requests Nominations for 2005 Payment System
Awards
Herndon, Virginia, November 18, 2004 – NACHA
- The Electronic Payments Association is accepting
nominations for the 2005 George Mitchell Payments
System Excellence Award and the 2005 Kevin O'Brien
ACH Quality Award until January 21, 2005.
"The annual NACHA awards are an excellent
opportunity for companies, financial institutions
and service providers to demonstrate their
performances and results in electronic payments,"
said Elliott C. McEntee, President and Chief
Executive Officer of NACHA.
The George Mitchell Award is presented annually to
an individual, company or other organization that
has demonstrated superior leadership in the
development, implementation or advancement of
electronic payments. The Mitchell Award is named in
honor of the late George Mitchell, former
vice-chairman of the Federal Reserve Board of
Governors. In 2004 the Mitchell Award was presented
to Wells Fargo Home Mortgage for processing 88
percent of its customers payments electronically.
The Kevin O'Brien Award is also presented annually
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 in honor of the late
Kevin O'Brien, NACHA's Chairman in 1999-2000. The
2004 Kevin O'Brien Award was presented to the U.S.
Department of Veterans Affairs for the deployment of
a HIPAA-compliant electronic remittance and payment
system.
All 2005 award winners will be recognized at NACHA's
PAYMENTS 2005 conference in San Antonio, Texas,
which will be held April 10-13, 2005. For more
information, contact your regional payment
association or download the Call for Nominations at
http://www.nacha.org/ACHNetwork/ACH_Quality/ach_quality.htm.
About NACHA - The
Electronic Payments Association
NACHA is the leading
organization in developing electronic solutions to
improve the payments system. NACHA represents more
than 12,000 financial institutions through direct
memberships and a network of regional payments
associations, and 650 organizations through its
industry councils. 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),
e-checks, financial electronic data interchange
(EDI), international payments, and electronic
benefits transfer (EBT). Visit NACHA on the Internet
at www.nacha.org.
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