March 28, 2003
The question relates to whether an ODFI’s liability for a breach of its warranty that an ACH entry is authorized is limited to the period of time in which an RDFI has the right to return the entry through the ACH Network (i.e., sixty days after the settlement date of the entry for consumer transactions and two days after the settlement date of the entry for non-consumer transactions) or whether this liability exists for a longer period of time.
September 19, 2002
This Operations Bulletin is intended to identify specific risk management concerns related to the origination of TEL entries and to clarify key rules obligations with respect to proper authorization and use of the TEL application.
Nacha Selects Capital One, Tower Federal Credit Union and Wells Fargo For 2002 Kevin O'Brien ACH Quality Award
April 22, 2002
Nacha – The Electronic Payments Association has selected Capital One Financial Corporation, Tower Federal Credit Union, and Wells Fargo & Company as winners of the 2002 ACH Quality Award in recognition of their successes in implementing quality Automated Clearing House processes. “The ACH is a high-quality payments system, and the ACH Quality Award showcases best practices and forward-looking business practices among ACH participants,” said Mary Ann Francis, Chair of Nacha’s ACH Quality Task Force and a Senior Vice President at National City Corporation.
April 15, 2002
DALLAS, April 15 -- Nacha - The Electronic Payments Association will present the 2002 George Mitchell Payments System Excellence Award today at its PAYMENTS 2002 conference to ADT Security Services, Inc. and TexasOnline. "Electronic payments are reliable, convenient, and cost-effective," said Elliott C. McEntee, President and Chief Executive Officer of Nacha.
April 24, 2001
WASHINGTON, April 24 -- Nacha - The Electronic Payments Association will present the 2001 George Mitchell Payment Systems Excellence Award today to the U.S. Department of Treasury and the Direct Payment Joint Promotion Program of Cleveland, Ohio. The Department of Treasury is being recognized for its success in converting Federal payments and receipts to electronic payments. The Direct Payment Joint Promotion Program is being recognized for its success in enrolling consumers to pay their utility bills electronically via Direct Payment.
April 11, 2000
LOS ANGELES, April 11 -- The U.S. Department of Housing and Urban Development and Paychex, Inc.