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ACH Network Volume Surpasses One Billion Payments
The number of payment transactions processed by the Automated Clearing House (ACH) Network exceeded one billion in 2001, a new record according to executives at a recent NACHA conference.
Three Banks Join Visa POS Check Service
Bank of America, SouthTrust Bank and State Employees Credit Union will launch the Visa check acceptance system, called Visa POS Check Service, which could significantly reduce paper check handling and fraud costs.
SPECIAL SECTION
NACHA publishes guidelines that define the benefits to businesses of integrating accounts payable operations with EIPP systems.
EIPP: A Win-Win Proposition
EIPP services-an effective, affordable, Internet-based alternative to EDI-is a bold step toward paperless B2B invoicing.
First Virginia First in Bill Presentment
First Virginia Banks becomes the first to offer its customers bill presentment via the MasterCard RPPS network.
Reserve Bank of India Building RTGS System
Reserve Bank of India launches a project to construct a RTGS.
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