NEACH to Develop Companion Documents Around Recently Launched Faster Payments Playbook
Burlington, MA – November 6, 2019 – The New England ACH Association (NEACH) announced that Nacha, its Payments Innovation Alliance, and the U.S. Faster Payments Council (FPC) released the Faster Payments Playbook. The Playbook is an online educational platform for banks and credit unions to develop a faster payments strategy from an idea to reality.
Joe Casali, NEACH EVP, states, “As members of both the Faster Payments Council and Nacha’s Payments Innovation Alliance and co-leader of the Faster Payments Playbook Project Team, we are proud to be an integral part of this Playbook.” The Playbook will be continuously updated as new information and developments arise.
From the Nacha release, “The Playbook is a co-branded industry resource developed by the two groups that will help stakeholders level-set on faster payments developments, assess the benefits and requirements of faster payments, and navigate the process of developing a faster payments strategy. While the current iteration of the Playbook focuses on developing a faster payments strategy for financial institutions, the next version will focus on business end users.”
The Project Team will immediately begin development of a version of the Playbook for businesses today at the Payments Innovation Alliance in Miami. This version will specifically address the faster payment needs of corporate America.
NEACH will immediately be working on interactive, companion documents, tools and resources for the industry to make the most of the playbook. If you have any questions on the material in the meantime, please reach out to the NEACH staff at info@NEACH.org.
The Faster Payments Playbook can be viewed at FasterPaymentsPlaybook.org.
Please see the Nacha release here.
The New England Automated Clearing House (NEACH) is a non-profit association that helps members originate and receive ACH transactions, and provide products, services, education, and marketing to increase the acceptance, use and quality of electronic transactions. For more information, visit neach.org.