TITLE

Check and ACH Processing: Besting Both Worlds

AUTHOR(S)
Fest, Glen
PUB. DATE
June 2006
SOURCE
Bank Technology News;Jun2006, Vol. 19 Issue 6, p12
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the back-up processing (BOC) rule of the National Automated Clearing House Association (NACHA) in the U.S. Based on the traditional Automated Clearing House (ACH) conversion, point-of-sale conversion do not allow least-cost routing. With this, NACHA members approved the new BOC ruling for the consumer checks and business checks to be converted without the difficulty from the traditional check conversion.
ACCESSION #
21445644

 

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