NACHA Announces Finalists for the 2017 Payments Awards

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NACHA - The Electronic Payments Association

Apr 04, 2017, 15:55 ET


HERNDON, Va. (PRWEB) April 04, 2017 -- NACHA—The Electronic Payments Association® announced today the finalists for the 2017 Payments Awards, which celebrate proven accomplishment and leadership in the payments industry and recognize and reward the payments innovations defining the future. The Payments Awards, for which NACHA received three dozen proposals for consideration from payments industry participants, include the NACHA Excellence in Payments Award and the NACHA Challenge Award.

“We had an excellent turnout of candidates for the 2017 Payments Awards, which made for a very competitive process,” said Janet O. Estep, president and CEO of NACHA. “We appreciate all of the participation from within the payments ecosystem and beyond as solution providers and strategic thinkers have found innovative ways to meet the needs of a changing payments industry.”

The payments community will have an opportunity to help determine the winners of the 2017 Payments Awards through online and mobile app voting. Winners of the Awards will be announced on Tuesday, April 25, during the NACHA Payments Awards Luncheon, which is sponsored by TD Bank, during PAYMENTS 2017. The conference, which is the definitive destination for faster payments education, will take place April 23-26 in Austin, Texas. Online registration for PAYMENTS is available here.

The NACHA Excellence in Payments Award
The NACHA Excellence in Payments Award honors an individual or organization that has shown superior leadership and accomplishment in the development, implementation or advancement of domestic or international electronic payments.

The finalists are:

Chargebacks911

  • Chargebacks911 is the first global company fully dedicated to mitigating chargeback risk and eliminating chargeback fraud. The company, which has powered more than $1 billion in revenue recovery, is credited with developing effective strategies for helping online merchants maximize revenue and fight fraud.

Earthport

  • Earthport plays a pivotal role in facilitating high volumes of lower value cross-border payments for banks and businesses, providing them with a more cost-efficient, transparent and reliable solution for managing payments internationally.

TableSafe

  • TableSafe is transforming the way restaurants and other hospitality venues complete their service through a secure and innovative payment platform that enables guests to fully execute the payment process at the table while maintaining control of their identity at all times.

All industry participants will have an opportunity to help determine the winner for this award through online voting now through Monday, April 24. Vote now.

The NACHA Challenge
The NACHA Challenge Award rewards a team or group of individuals developing new ways to leverage Same Day ACH to create innovative solutions to improve efficiencies and added capabilities within the payments system. Finalists are competing to win up to $25,000 in prize money.

Finalist teams are:

Team Key Corp for its ACH Syndication solution

  • ACH Syndication would create a single, simple point for large ACH Originators to fully utilize the benefits of Same Day ACH, through a single point of access, funds consolidation, and reporting. Proposal submitted by Key Bank.

Team Levvel Payments for its Simple ACH Payment solution

  • Simple ACH Payment API is the creation of a set of APIs that banks can offer to their customers (or embed in other products) that allows the customer to create a properly formatted ACH file, including all the needed payment instructions. Proposal submitted by Levvel.

Team lienwaivers.io for its DIY Same Day ACH solution

  • DIY Same Day ACH is a cloud-based SaaS application that enables business owners to easily deploy Same Day ACH through their existing bank portal. Proposal submitted bylienwaivers.io.

NACHA Challenge finalists will present their proposals on Monday, April 24, at PAYMENTS 2017. All conference attendees are welcome to attend. Voting will take place on site via the NACHA PAYMENTS 2017 Mobile App, sponsored by Transactis.

Follow NACHA on Twitter, LinkedIn, Facebook and YouTube. The conference hashtag is #PAYMENTS2017. Also, visit payments.nacha.org to further explore what PAYMENTS has to offer in 2017.

About PAYMENTS 2017

PAYMENTS 2017, the definitive destination for faster payments, is taking place April 23-26 at the Austin Convention Center in Texas. The conference is a proven, well-respected, and powerful event that provides attendees with the latest research, insights, trends and forecasts to support and drive payments innovation. This year, NACHA introduces the Faster Payments Experience, a consummate educational opportunity encompassing sessions and solutions that focus on real-time, same-day and other faster payments initiatives. Additional content is organized along five tracks — ACH; Risk & Compliance; Trending Now; Corporate & End-User Perspectives; and Payments Evolution — to address the topics of today that are impacting the payments space. The conference also offers a dynamic Exhibit Hall featuring top products and services shaping the future of payments. Registration is now open. To learn more about PAYMENTS 2017, visit https://payments.nacha.org/.

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 by moving money and information directly from one bank account to another. Financial institutions exchange 24 billion ACH payments valued at $41 trillion annually. 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.

Kendra Beasley, NACHA - The Electronic Payments Association, +1 (703) 561-3923, [email protected]