Posted April, 24 2017
First Data’s TeleCheck Business Becomes First to be NACHA Certified
HERNDON, Va., April 25, 2017 – NACHA—The Electronic Payments Association®, the steward and rule maker of the ACH Network, announced today the launch of a new certification program for Third-Party Senders called NACHA Certified.
Third-Party Sender organizations can now become NACHA Certified when they have met NACHA requirements for having employed effective oversight over their business, understand ACH transactions processing risk and compliance obligations, and demonstrate sound governance.
“Third-Party Senders are important and valued players in the ACH Network, and help businesses and other organizations benefit from originating ACH payments for services,” said NACHA President and CEO Janet O. Estep. “NACHA Certified organizations demonstrate that they are vetted and validated with sound core practices in place and that they have met guidelines governing financial stability and commitment to quality.”
TeleCheck, First Data’s check and ACH acceptance business, is the first organization to become NACHA Certified. The business delivers industry-leading check acceptance and ACH payment solutions to financial institutions and businesses of all sizes, providing protection against fraudulent checks, verification and warranty services, streamlined processing, features to simplify back-office operations, and convenient payment options for consumers.
“We are pleased to be the first company to be NACHA Certified. We have a track record of innovation in the industry including delivering the first point-of-sale check conversion at scale and being the first to accept checks from a camera on a point-of-sale device with Clover Check Acceptance,” said Barry McCarthy, Executive Vice President, Head of Network and Security Solutions at First Data. “NACHA Certified recognizes our steadfast commitment and leadership in processing and securing ACH transactions.”
For more information about NACHA Certified, visit www.NACHAcertified.org and for more information about Third-Party Senders, visit www.nacha.org/thirdpartysenders.