The automated clearinghouse system is a processing and delivery network that distributes and settles electronic credits and debits between financial institutions. Through dedicated, nationwide ...

DENVER--(BUSINESS WIRE)--The International Council of Payment Network Operators (ICPNO) announced today that ACH COLOMBIA has become a member of the council. The ICPNO is a collaboration of the top ...

The Federal Reserve Board faces a variety of issues should Congress approve the financial-reform bill and give the agency the task of setting debit card interchange rates. Among those is an apparent ...

Thoughts about the current evolution of the automated clearing house network: Will There Be New Features for the ACH? The answer is yes, but an evolutionary approach might be the best way forward. The ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

Update: The Federal Reserve received forty comments in response to its request. A majority of the commenters supported both mandatory participation by RDFIs and the same-day fee payable by ODFIs to ...

While the recently unveiled joint venture between Bank of America Corp. and Wells Fargo Co. to create a common platform to process automated clearing house transactions isn't scheduled to become ...