HERNDON, Va., April 21, 2015 – Nacha—The Electronic Payments Association® today announced the recipients of its 2015 Payments System Awards, which recognize the highest degree of achievement in the development, implementation and advancement of electronic payments.
These prestigious awards celebrate excellence, outstanding accomplishments and superior leadership in innovation to further the ACH Network.
The 2015 George Mitchell Payments System Excellence Award
The George Mitchell Payments System Excellence Award, named after former vice-chair of the Board of Governors of the Federal Reserve, George Mitchell, an early proponent of electronic payments, honors an individual or organization that has shown superior leadership in the development, implementation or advancement of domestic or international electronic payments.
- New York City Department of Finance, Citywide Payments and Receivable Services (CPRS) for pioneering achievements and vision in electronic payments acceptance. CPRS proves that a dedicated team of individuals can make government more efficient, effective and responsive to customers by focusing on improving service, expanding options, managing risk, reducing costs and using new but proven technologies.
- Verifone for leadership in user education and readiness in support of EMV. Verifone’s proactive and comprehensive advocacy have helped merchants, financial institutions and other industry partners prepare for and more precisely understand the role, value and implications of EMV in the broader context of a sound, multilayered security approach.
Honorable mentions this year are First Data’s Clover, a comprehensive business management solution for the POS; and VocaLink, the domestic electronic (non-card) payments hub for the United Kingdom.
The 2015 Kevin O’Brien ACH Network Award
The Kevin O’Brien ACH Network Award, named in honor of the late Kevin O’Brien, Nacha’s 1999-2000 chair, recognizes best practices in ACH participants’ efforts to innovate or improve ACH services and/or the integrity, reliability and environmental benefits of the ACH Network through strategic initiatives and projects.
- Wells Fargo for innovation in ACH Network quality and customer protection as part of an enterprise-wide effort to protect customers' accounts from fraud. To protect the integrity of the ACH Network, in the spring of 2014, Wells Fargo launched an ACH debit return monitoring program.
“Nacha is proud to recognize New York City CPRS, Verifone and Wells Fargo as recipients of the 2015 Payments System Awards,” said Janet O. Estep, president and CEO of Nacha. “They each have contributed significantly to leadership and excellence in payments by finding innovative ways to evolve their processes and products to meet the needs of a changing industry.”
The recipients of the 2015 Payments System Awards will be recognized during the Payments System Awards Luncheon, sponsored by TD Bank, America's Most Convenient Bank®, at PAYMENTS 2015.
PAYMENTS is the largest and most comprehensive education event for the payments industry, and is being held now through April 22 at the New Orleans Morial Convention Center in New Orleans, Louisiana. To learn more, visit payments.nacha.org.
About PAYMENTS 2015
PAYMENTS 2015, which is taking place April 19-22 at the New Orleans Morial Convention Center in New Orleans, Louisiana, features more than 130 educational sessions and workshops with renowned speakers from financial institutions, corporations, government agencies, legal and regulatory bodies, consulting and research firms, service providers and more. Sessions are organized along seven tracks — the ACH Network, Card Payments, Digital/Mobile, End User Experience, Game Changers & Disruptors, Risk & Security and Strategy – to address the topics of pivotal importance to payments professionals. In addition, a dynamic exhibit hall of nearly 100 industry leaders features today’s top products and services. To learn more about PAYMENTS 2015 sessions, workshops, speakers, sponsors and exhibitors, or to register, visit payments.nacha.org.
Nacha—The Electronic Payments Association
Since 1974, Nacha—The Electronic Payments Association has served as trustee of the ACH Network, managing the development, administration and rules for the payment network that universally connects all 12,000 financial institutions in the U.S. The Network, which moves money and information directly from one bank account to another, supports more than 90 percent of the total value of all electronic payments in the U.S. Through its collaborative, self-governing model, education, and inclusive engagement of ACH Network participants, Nacha facilitates the expansion and diversification of electronic payments, supporting Direct Deposit and Direct Payment via ACH transactions, including ACH credit and debit payments, recurring and one-time payments; government, consumer and business transactions; international payments, and payments plus payment-related information. Through Nacha’s expertise and leadership, the ACH Network is now one of the largest, safest, and most reliable systems in the world, creating value and enabling innovation for all participants. Visit nacha.org for more information.