Nacha has approved eight new amendments to the Nacha Operating Rules governing the use of ACH payments. Many of the changes reflect a long-term strategy to modernize the ACH system, both through infrastructure improvements such as Same Day ACH; and making ACH payments easier to use for the country’s consumers, businesses and other organizations.
A message from Nacha President and CEO Jane Larimer regarding criticism that the disbursement of stimulus funds was too slow, and that justifies a new instant payments infrastructure.
September 20, 2018
Bill Sullivan, Nacha’s Head of Government & Industry Relations was back on Capitol Hill meeting with House and Senate staff with an eye towards the November mid-term elections. Meetings included a myriad of topics including, but not limited to, the API work of ASIG, the Alliance work on faster payments and the proof of concept work on B2B directories. November’s Congressional elections may bring changes to Senate Banking and House Financial Services Committee leadership.
Business Payments Directory Association to Partner with Discover Financial Services to Provide Blockchain Platform for its B2B Directory
August 1, 2018
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.
RESTful Implementation of IFX Demonstration Design Review Based on IFX Specification Version 2.4 July 2018
July 4, 2018
The report, RESTful Implementation of IFX Demonstration Design Review, concluded that: The IFX Standard and the IFX Message Framework are readily adaptable to REST design concepts. This paper describes many of the design decisions we have made and illustrates how to map the IFX Standard messages (methods) to RESTful concepts and HTTP verbs. IFX Objects can be implemented directly as JSON resources, but more work needs to be done for the purposes of APIs to define resources that are not as deeply nested as many of the structures currently defined in the specification. Read the Report