Electronic Payments Movement Comes Together On New Web Site
Electronicpayments.org Is One-Stop Informational, Educational Site For ACH-Based Payments
The world of electronic payments is gaining great momentum. Most Americans are now exposed to some type of electronic transaction when getting paid, making purchases or paying their bills. In fact, recent data published by the Federal Reserve Banks predicted that by next year, the Fed’s ACH volume would equal its check clearing volume.
With this in mind, an industry group has launched a new, interactive Web site to educate consumers about the benefits of using electronic payments. The Web site contains information on direct deposit and direct payment and also defines check conversion and discusses how it differs from other types of electronic payments. The site has dedicated sections for consumers, businesses and financial institutions.
The Web site is sponsored by NACHA’s Marketing Management Group, an industry representative group appointed with the responsibility to develop and execute the long-term marketing strategy and annual tactical plans to promote electronic payments and build market awareness. The funding to implement the annual tactical plans is provided by the Electronic Payments Network (EPN) and the Federal Reserve Banks.
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