Herndon, Va. (PRWEB) March 09, 2015
NACHA—The Electronic Payments Association® President and CEO Janet O. Estep will serve as one of the keynotes for Retail Banking 2015, which takes place today through March 11 in Austin, Texas. Presented by American Banker, the conference features leading bankers and industry experts discussing retail banking best practices and other industry issues.
Estep’s opening keynote, “Moving Payments Faster with Same Day ACH,” will take place today, March 9, at 3:30 p.m. CST at the Hyatt Regency Austin. In her address, Estep will explore Same Day ACH as a building block for innovation and an essential step to move money more quickly and efficiently, directly between bank accounts.
Estep also will participate in a “Faster Payments” panel discussion at 4 p.m. CST today. The panel will discuss the various industry and regulatory initiatives to bring the payments system into the 21st century, the challenges presented by modernization, and the reasons that faster payments matter to bank customers.
NACHA has proposed a phased approach to move the ACH Network from the current next-day settlement to three settlement opportunities each day. This enhanced functionality will provide value to end-users, including greater certainty for faster funds availability. For more information, visit http://www.nacha.org/same-day-ach.
To learn more about Retail Banking 2015, visit http://www.americanbanker.com/conferences/retail.
About NACHA—The Electronic Payments Association
Since 1974, NACHA – The Electronic Payments Association has served as trustee of the ACH Network, managing the development, administration and rules for the payment network that universally connects all 12,000 financial institutions in the U.S. The Network, which moves money and information directly from one bank account to another, supports more than 90 percent of the total value of all electronic payments in the U.S. Through its collaborative, self-governing model, education, and inclusive engagement of ACH Network participants, NACHA facilitates the expansion and diversification of electronic payments, supporting Direct Deposit and Direct Payment via ACH transactions, including ACH credit and debit payments, recurring and one-time payments; government, consumer and business transactions; international payments, and payments plus payment-related information. Through NACHA’s expertise and leadership, the ACH Network is now one of the largest, safest, and most reliable systems in the world, creating value and enabling innovation for all participants. Visit nacha.org for more information.