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B2B Innovators Explore The New Payment Rail Combinations

PYMNTS

Reports noted the collaboration means the three partners will have access to real-time transaction capabilities via their combined resources of participating banks, money transfer operators and other financial service provdiers. Nacha is rolling out a new resource center designed to help corporates embrace the ACH Network.

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ACH SEC Codes

Payment Savvy

Instead, they are under the jurisdiction of NACHA (The National Automated Clearing House Association), which establishes the rules and regulations that all the institutions that are part of the network follow. When it comes to an ACH transaction, there are two main participants.