Nachas Payments Innovation Alliance Releases New Guide Explaining and Simplifying Voice Payments Processing Using the ACH Network
Summary
"Over the past two years, Nacha has updated its Operating Rules and Guidelines to reflect emerging technology, including voice payments within the ACH Network. Voice Payments: Guide to Nacha’s Operating Rules assists by identifying the specific provisions that apply in a variety of use cases,” said Jennifer West, AAP, APRP, Senior Director, Payments Innovation Alliance, Nacha. In addition, the Project teams also published Unwrapping Smart Speakers, providing best practices to protect consumers from vulnerabilities of cyber threats and unwanted data sharing in their homes. Nacha governs the thriving ACH Network, the payment system that drives safe, smart, and fast Direct Deposits and Direct Payments with the capability to reach all U.S. bank and credit union accounts. Nacha develops rules and standards, provides industry solutions, and delivers education, accreditation, and advisory services.