September 19, 2002
Nacha has recently become aware of an increasing number of fraudulent transactions being made over the ACH Network using the Telephone-Initiated Entry (TEL) application. The TEL application became effective in September 2001 as a means to provide a more streamlined method by which consumers could authorize one-time ACH debit entries. 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. ODFIs are strongly encouraged
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.
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. "Nacha congratulates the winners of this year's George Mitchell Payments System Excellence Award for their success and commitment to electronic payment solutions."
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. (Nasdaq: PAYX), a national provider of payroll processing, human resources and benefits outsourcing for small- and medium-sized businesses, will each receive the 2000 George Mitchell Payment Systems Excellence Award today from Nacha -- The Electronic Payments Association.