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Payments Pulse - July 25th Edition

Payments Pulse
Payments Pulse, July 25, 2019
The Clearing House
Payments Pulse

Industry News & Resources

Nacha Request for Comment: Proposal to Create an ACH Contact Registry

(responses due by Friday, August 23. 2019)

Why Faster Payments Could be a Boon for Hourly Workers

Source: PaymentsSource.com

As Mobile Apps Proliferate, Data Protection has to Keep Up

Source: American Banker


We Get Questions...

Q and A
Q.)  How will our business customers know if they are considered large volume ACH Originators (i.e. 6 million transactions or greater annually) by Nacha and therefore impacted by the requirements of the ACH Security Framework revision going into effect in 2020? Is the transaction volume determined by looking at a single account or should it be calculated cumulatively?
A.)  The 6 million threshold is not account specific. ACH Originators, Third-Party Service Providers and Third-Party Senders who originate and/or transmit ACH entries through multiple settlement accounts and/or financial institutions should take volume from all ACH entries they originate/transmit into consideration. Additional information relating to the requirement can be found in the Rules section of the Nacha website or on page ORxlvii of the 2019 ACH Rule Book.
Have a question for TCHPA? Call 800-875-2242 (choose option 3) or email education.services@theclearinghouse.org.

ACH Audit Guides

Available for purchase in the TCHPA Store, these sample agreements can be executed between the various participants, as required by the ACH Rules. Templates can be customized to meet your needs.


Nominations Open for 2019 Lakin-Hobday Award

Do you know someone who enthusiastically embraces their payments career and deserves to be recognized for their efforts? Nominations are now being accepted for the 3rd Annual Lakin-Hobday Award, which recognizes the extraordinary contributions and characteristics of successful payments professionals. We’re looking for those who possess the qualities associated with the payments excellence award by volunteering to serve on committees and workgroups (at the local and national level), mentoring their peers, and lending their time and expertise when asked to participate in events beyond the walls of their regular work world.

Nominations should be sent via email to education.services@theclearinghouse.org with 'Lakin-Hobday Nomination' in the subject line. Tell us why you think your nominee deserves to win and provide examples of their commitment to the payments industry, influence, leadership and volunteerism.

The deadline to submit nominations is Friday, August 16, 2019 and the winner will be announced in early October

Nacha Member Discount Code

As a member of The Clearing House Payments Authority, you are also entitled to member rates on the Nacha.org website. Each year Nacha assigns a new Member Discount Code (MDC) and asks that prior to making a purchase on their site you update your profile with the new information. Once logged in (on the NACHA website), you can click on 'My Profile' in the upper right corner of the page and add the following code in the appropriate field where it will be stored for use throughout 2019.
Members - contact TCHPA for your 2019 code!

Upcoming Education

AUG
6-7

Payments Training Puerto Rico

(San Juan) MUST register in advance!
AUG
16

AAP / APRP Alliance Meeting

(New York, NY)
AUG
20

Payments Risk Considerations and Mitigation

(Webinar)

Concepts 2019

Learn first-hand about the strategies, solutions and innovative payment processes that others are using to grow, compete, and improve business operations. This annual event brings together payments professionals who are looking for guidance from today’s industry experts, networking opportunities, and continuing education credits


Please register in advance for all face-to-face sessions.

Real-Time Payments

What's in it for you?

Upcoming Events:


RTP Product Showcase (Webinar)

August 1, 2019
2:00-3:00 pm ET
Register to find out why RTP is revolutionizing payment innovation in the United States. Webinar registrants will learn how the RTP Network supports real-time interbank clearing and settlement of payments and utilizes rich messaging to enhance current use cases and the creation of new ones. Do not miss hearing how RTP is making payments smarter!

RTP Town Hall

Lansing, MI – August 13, 2019
Grand Rapids, MI – August 15, 2019
Join The Clearing House on Tuesday, June 11th for this half-day strategy session focused on the implementation of Real-time Payments (RTP®). Learn how RTP fits into the current faster payment trends in the United States and how this new network enhances your relationship with account holders, bringing opportunities and benefits to financial institutions of all sizes. Attendees will be provided with a framework around which to build their individual strategies for implementing RTP.


TCHPA: Professionals in every trade have an association they rely on for industry expertise, support and resources. We're the Association for Payments People®

Copyright © 2019 The Clearing House Payments Company L.L.C.
115 Business Park Dr.
Winston-Salem, NC 27107
United States

The Clearing House
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