AUSTIN, Texas (PRWEB) April 25, 2017 -- NACHA—The Electronic Payments Association® today announced the recipients of its 2017 NACHA 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 include the NACHA Excellence in Payments Award and the NACHA Challenge Awards.
The award winners were recognized during the NACHA 2017 Payments Awards Luncheon, sponsored by TD Bank, during PAYMENTS 2017. The conference, which is the definitive destination for faster payments education, is being held now through April 26 at the Austin Convention Center in Austin, Texas.
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.
- Earthport, which 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.
All payments industry participants were given the opportunity to vote for the winner online from a pool of finalists.
The NACHA Challenge
In 2017, the NACHA Challenge Awards reward a team or group of individuals for developing new ways to leverage Same Day ACH to create innovative solutions to improve efficiencies and added capabilities within the payments system. Three finalist teams presented their proposals during PAYMENTS 2017 in Austin on Monday, April 24, to compete for up to $25,000 in prize money.
The Judges’ Choice Award ($15,000)
- Team lienwaivers.io for its DIY Same Day ACH solution, which is a cloud-based SaaS application that enables business owners to easily deploy Same Day ACH through their existing bank portal. Proposal submitted by lienwaivers.io.
The Audience Choice Award ($10,000)
- Team KeyCorp for its ACH Syndication solution, which 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 KeyBank.
Team lienwaivers.io was selected by a panel of judges drawn from across the NACHA family of organizations comprising the Payments Innovation Alliance, Direct Membership of NACHA, the Board of Directors, the Board Advisory Group and the PAYMENTS 2017 Conference Planning Committee. PAYMENTS 2017 attendees voted Team KeyCorp as the winner of the Audience Choice prize.
“We are proud to recognize Earthport, lienwaivers.io, and KeyBank as well-deserving recipients of the 2017 NACHA Payments Awards,” said Janet O. Estep, president and CEO of NACHA. “From a competitive field spanning the payments ecosystem, these three winners stood out for their accomplishments, leadership and innovative solutions. We applaud them for the work they are doing, which will help define the future of the payments industry.”
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. To learn more about PAYMENTS, visit payments.nacha.org. Next year’s conference will be held April 29-May 2, 2018, in San Diego, California.
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 25 billion ACH payments valued at $43 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]