Posted May 2, 2018
SAN DIEGO, May 2, 2018 – NACHA—The Electronic Payments Association® announced the recipients of its 2018 NACHA Payments Awards, which celebrate proven accomplishment and leadership in the payments industry and recognize and reward the payments innovations defining the future. The Payments Awards include the NACHA Excellence in Payments Award and the NACHA Challenge.
The award winners were recognized during the NACHA 2018 Payments Awards Luncheon, sponsored by TD Bank, during PAYMENTS 2018. The conference, which is the definitive destination for faster payments education, ends today at the San Diego Convention Center in California.
The NACHA Excellence in Payments Award
The NACHA Excellence in Payments Award honors an individual or organization that has shown superior leadership and accomplishment in the development, implementation or advancement of domestic or international electronic payments.
All payments industry participants were given the opportunity to vote for the winner online from a pool of four finalists.
The NACHA Challenge
This year the NACHA Challenge rewards a team for developing new ways to enable ACH usage for person-to-person, business-to-business, account-to-account, or other payments without users having to supply their bank routing number or account information. Four finalist teams presented their proposals during PAYMENTS 2018 in San Diego to compete for up to $25,000 in prize money.
The Judges’ Choice Award ($15,000)
The Audience Choice Award ($10,000)
Team Redwood was selected for the Judges’ Choice Award by a panel of judges drawn from across the NACHA family of organizations comprising the Payments Innovation Alliance, Direct Membership of NACHA, the Board of Directors, the Board Advisory Group and the PAYMENTS 2018 Conference Planning Committee. PAYMENTS 2018 attendees voted Team Stockman as the winner of the Audience Choice prize.
“We are proud to recognize Fiserv, Team Redwood and Team Stockman as well-deserving recipients of the 2018 NACHA Payments Awards,” said Jane Larimer, chief operating officer of NACHA. “This is an incredible group of award winners who stood out for their accomplishments, leadership and for continuing to push the boundaries of innovation in the payments industry.”
Follow the conference hashtag #PAYMENTS2018.