Importance of NACHA and its Mission

Before we explain you about NACHA let us introduce about MUDIAM INC which is an accounting company dealing with ACH and NACHA.

Our software solutions help you manage NACHA compliant ACH files. You can create many types of ACH files – pay employees via direct deposit, receive payments from customers, pay the vendors, bills payment, batch processing for payroll providers.

This is a kind of Electronic Payments and this association is now the leading organization in developing electronic solutions to improve the payments system.

NACHA gives you more than 12,000 money establishments through direct memberships and a network of regional payments associations, and 650 organizations through its trade councils. NACHA develops operational rules and business practices for the automatic clearing house (ACH) Network and for electronic payments within the areas of Internet commerce, electronic bill and invoice presentment and payment (EBPP, EIPP), e-checks, financial electronic info interchange (EDI), international payments (IAT), and electronic advantages transfer (EBT).

NACHA's Mission is to push consequence of electronic solutions that improve the charges system for the benefit of its members and their customers.

NACHA is devoted to increment of the payments system through its 8 primary digits.

•          Rule creating for the ACH Network and alternative payments systems;
•          Facilitating the growth of recent payment applications;
•          Identifying and implementing of Risk Management leading;
•          Providing and upholding education programs;
•          Instituting and observance QC (Quality Checking) within the payments system;
•          More Vigorous in member communications/relations;
•          Reply to regulative and government relations issues; and Marketing electronic payment services.

The National automatic clearing house Association (NACHA) could be a not-for-profit trade association that develops operative rules and business practices for the nationwide network of automated clearing houses (ACHs) and for alternative areas of electronic payments. NACHA manages the growth, Authority, and governance of the ACH Network and is that the national association accountable for ACH payments.

We (MUDIAM) do NOT process ACH payments like banks or ACH processor. We help you manage ACH files using state of the art ACH File Management Software - lets you create many formats of ACH files including CCD, PPD, CTX and many other NACHA compliant ACH files.

We do undertake custom software project(s) that involve Finance related – like integrating SAP® Finance Module with SAP®Vendor Database with our ACHBiz™ set of tools – to build custom interface(s) for ACH file generation and processing.

We also develop custom Banking Products in the area of ACH, Wire Transfer, Positive Pay File Management Application(s) as well as Procurement Card Interface(s). We have customer(s) – whom we support their application(s) in view of the upgrades, maintenance(s) as well as new product developments.

For more details visit: www.achbiz.com/

7135893630 REDDY MUDIAM USA