News

Merchant Financial Cyber Partnership Announces Next Steps for Securing the Payments System

Posted December 4, 2014

The Merchant Financial Cyber Partnership announced next steps for the two industries to continue working together to strengthen the security of the payments system. Launched in February, the Partnership has succeeded in its goal to work collaboratively across the payments system to enhance security in order to protect customers and their data from cyber threats. 

Healthcare EFT via ACH Volume Increases Almost 180 Percent in 12 Months

Posted November 20, 2014

Changes to the NACHA Operating Rules to allow the identification of healthcare EFT via ACH transactions that flow through the ACH Network became effective in September of 2013.  Since October 2013, the first full month of processing, the volumes of healthcare EFT transactions have increased by 177 percent.  Specifically during this period, total transaction volume amounted to 120,613,080 and the dollar value of these transactions totaled $680.5 billion.

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Posted October 27, 2014

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