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PYMNTS consulted 21 payments executives from across the industry to share their insights on the biggest takeaways from 2016 as part of the “Payments 2016, The Year Of …” eBook. Payments 2016: The Year of Payment Innovation Via Predictive Analytics. This was the year for payment innovation through predictive analytics.
“NACHA has grown considerably in the past 25 years,” said Stone. “As As the NACHARules have evolved, so has the concept that the Standard Entry Class can be used to determine how an ACH Entry is handled.” This is the key difference in the 2016 proposal versus the early 90s version. Beyond Securities Transactions.
Indeed, research released in 2016 from Bottomline Technologies found 71 percent of businesses surveyed had experienced actual or attempted check fraud. ACH payments are subject to NACHArules and require you to store bank information for payees,” he said.
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