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ACH Rule Amendments effective March 15, 2002
Last month we talked about the new Standard Entry Class Code of ARC for Accounts Receivable Entries. There are several other rule amendments that will also be effective
March 15, 2002. Click here to learn more about these amendments.
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Coming of Age For e-Payments
The United States Postal Service finds itself an unfortunate casualty in the terrorists' crusade to destroy America. In the wake of the Sept. 11 attacks, mail to the New York and Washington metropolitan areas has been gradually climbing back to its pre-attack levels. However, with anthrax introduced into the equation, mail service nationwide has slowed as the Postal Service attempts to decontaminate affected facilities. With an approximate 7% decrease in first-class mail, the USPS is feeling the effects.
To read the full article click here.
From: Bank Technology News
Jan 7, 2002
By: Maria Bruno
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NACHA Internet Council Launches Projects to Address Risks of Internet Payments
A nationwide survey conducted by Boston-based strategy firm DOVE CONSULTING shows that since September 11th, 7% of U.S. consumers signed up for online billing or increased the number of bills they are now receiving online, based on concerns over handling mail or late bill payment. Another 32% of survey respondents said they started to think about receiving statements online in the weeks following the anthrax scares.
Herndon, VA, January 7, 2002 – The Internet Council of NACHA – The Electronic Payments Association is undertaking two new projects designed to provide financial institutions and merchants with educational resources on managing risk and preventing fraud associated with Internet-initiated payments. To read the article in its entirety click here.
To find out how BTI's Suite of online banking products can benefit your organization contact our Sales Department at 972-242-8090.
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