Nacha News

Nacha creates broadly adopted payment and financial messaging rules and standards through consensus-led governance, international collaboration, and innovative development practices. We continually advance the ubiquitous ACH Network and engage diverse stakeholders to accelerate a digital future of global financial services interoperability.

Business Payments Directory Association to Partner with Discover Financial Services to Provide Blockchain Platform for its B2B Directory

Directory will leverage open source technology, blockchain and standardized APIs supported by NACHA’s API Standardization Industry Group to facilitate B2B electronic payments

ROSEVILLE, Minn., Aug. 1, 2018 – The Business Payments Directory Association (BPDA) today announced that it will be partnering with Discover Financial Services (NYSE:DFS) to develop a proof of concept platform for its B2B Directory built on blockchain technology. BPDA’s B2B Directory will serve as the industry’s standardized, searchable database of electronic payments information for business transactions.

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