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NACHA to support standardization of B2B ACH transactions

The Paypers

(The Paypers) The Electronic Payments Association has announced the launch of its new Request for Payment program.

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ACH Network Processed 21.5B Transactions in 2017

PYMNTS

Last month, NACHA announced it was launching a new initiative to make B2B ACH payments more efficient. The Request for Payment program uses the ISO 20022 messaging standard to facilitate eInvoicing and receive ACH payments that correspond to that bill. percent higher than similar volume reported in 2016.