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News & Commentary
Content tagged with Payments posted in July 2001
Creating A Smooth Transaction
News  |  7/13/2001
The National Automated Clearing House Association, or NACHA, is perhaps best known as the governing body of the automated clearing house, or ACH, electronic payment system. But the 31-member Herndon, Va.-based group also sponsors a number of initiatives aimed at making money movement across various electronic channels more efficient and safer.
Chip Cards Power Navy Payment System
News  |  7/13/2001
The U.S. Navy's installation of a new payment system that does away with the need to store cash aboard ships is a breakthrough in the military's battle to control spending. Called Navy Cash and engineered by J.P. Morgan Chase, the system features a dual mag stripe/stored value card that enables shipboard purchases to be made with electronic cash, eliminating the need to store and count cash.

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