Viewpoint: Enhancing Wire Transfer to Attract Consumers
Wire transfer product managers need to create new transaction types that would accommodate transactions initiated or received by consumers. We need a way to make wire payments more relevant.
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View: Enhancing Wire Transfers to Attract Consumers March 2009 |
Wrong Instrument for Recurring Payments
In their lust for more transaction revenue, banks are pushing credit cards for online
bill payments, including payments for recurring services like utilities.
The following article appeared in the January 2009 issue of Digital Transactions Magazine www.digitaltransactions.net - Copyright 2008 Boland Hill Media LLC. All rights reserved. Reprinted with permission of the publisher.
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View: Wrong Instrument for Recurring Payments Published in Digital Transactions Magazine- January 2009 |
Viewpoint: Direct Send Pacts Threat to ACH System
The Banking Industry must begin to recognize the embryonic threat to the ACH Network that could ultimately cripple the most powerful payments network in the U.S.
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View: Direct Send Pacts Threat to ACH System September 2008 |
Letter to the Editor: Offer STP 820 To All Businesses
Industry stakeholders need to get beyond the "not invented here" syndrome and look at the STP 820 solution for its practicality and, most importantly, the ability to implement it for all business segments in the near term.
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View Letter to the Editor: Offer STP 820 To All Businesses June 2008 |
Viewpoint: STP 820's the Best Format for B2B Wire Transfer
The New York Fed and The Clearing House clearly indicated that automation and payment information capability (invoice data) for business payments was needed on the Fedwire and Chips payments systems. They believed that the main hurdle to overcome was deciding what technical format to use for the invoice data.
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View Letter: STP 820's the Best Format for B2B Wire Transfer February 2008 |
Prohibition on Funding of Unlawful Internet Gambling
A comment letter to the Treasury and FRB on what the banking industry must do to stop unlawful transactions.
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View Letter: Prohibition on Funding of Unlawful Internet Gambling November 2007 |
Prevention the Real Task in ACH Fraud
The greatest problem the network faces is transactions originated by third-party merchant processors. Historical return-pattern tracking conducted by the ACH operators and Nacha has clearly indicated that the majority of questionable behavior has originated primarily from third-party merchant processors and the financial institutions that originate transactions for them.
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View Letter: Prevention the Real Task in ACH Fraud November 2007 |
Converting a point-of-sale check in the back office rather than at the point-of-presentment became a NACHA rule on March 16, 2007. The application has been often referred to by those in the industry as the same type of transaction as ARC. The two applications could not be any more different.
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View Letter: BOC Isn’t Same as ARC March 2007 |
Retiring Clearing House Exec: Step on It, Bankers
Just prior to retiring from the Clearing House Payments Company, George Thomas discusses his frustration with the state of the U.S. Payments Systems.
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Interview: Retiring Clearing House Exec: Step on It, Bankers January 2007 |
Business Check Conversion Won't Work
Is business check conversion to ACH inevitable?
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View Letter: Business Check Conversion Won't Work
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