Card recently made knowns 01-08-2...

Card recently made knowns

01-08-2003

ACH Check Conversion propounds Other Options For Credit Card Billers

ISSN: 08940797
Publication Date: 01-08-2003
Page: 1
Type: Periodical
Language: English

While NACHA's Accounts Receivable (ARC) controls that took effect in March did not create the business case for check electronification, the recently made known rules certainly helped pave the way for the industry to induce in that direction. The recent rules say a check that a consumer mails to a biller's remittance or lockbox location, or delivers to a dropbox location, may be used as a source of information for originating an ACH debit to