PYMNTS
DECEMBER 3, 2020
The Central Bank of Iceland has rolled out its real-time gross settlement system and instant payment platform, recent reports said. Nacha is rolling out a new resource center designed to help corporates embrace the ACH Network. The solution is made possible via CardUp's status as a Visa Business Payment Solution Provider.
PYMNTS
MAY 10, 2019
The Federal Reserve has released a request for comment on potential changes to its National Settlement Service (NSS) and Fedwire Funds Service, as well as feedback on a possible new posting time for transactions, and an increased daylight overdraft fee. ET and settlement at 1:00 p.m. ET and settlement at 5:00 p.m.
Payment Savvy
NOVEMBER 10, 2022
The responsibility for using the right one falls on ODFIs – and considering the fact that adding the wrong code can result in a violation of NACHA Operating Rules, having a good understanding of what different Standard Entry Class codes mean and when they should be used is vital.
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