TITLE

New Rule Lays Foundation For Mobile ACH Payments

AUTHOR(S)
Johnson, Andrew
PUB. DATE
June 2010
SOURCE
American Banker;6/21/2010, Vol. 175 Issue 94, p9
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that members of the the electronics payment association Nacha have approved a rule for classification of automated clearing house debit transactions made through mobile devices. Managing director Mike Herd of Nacha says that the growing popularity of mobile payments made it advisable for his organization to act.
ACCESSION #
51548284

 

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