So Get the Facts and Get Ready for IAT!

Mills, Timothy
October 2008
Banking New York;Fall2008 Banking Solutions, p16
Trade Publication
The article offers information on the IAT rule implemented by the Electronic Payments Association NACHA and its implications for banking and financial institution transactions. According to Priscilla Holland, senior director of network development at NACHA, IAT will enable easy identification of international payments flowing through the ACH network and parties involved in the transactions. Financial institutions are given until September 2009 to comply with the rule.


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