NACHA is the rules governing organization for the ACH network. The organization has been receiving reports about a scam being perpetuated that consumers and businesses must avoid.The scam is a classic phishing scheme. Emails are sent to both individuals and companies that appear to have been sent..

FBI Reports Thefts The FBI has released findings from its investigation on how cybercriminals are stealing money from the bank accounts of small-mid sized US companies.The thieves then initiate a series of unauthorized bank transfers out of the company's online account in less than $10,000 to..

Research firm Celent predicts savings of $11 billion can be achieved through automation of health-care payment processing. Much of medical payment processing is still paper based. Sorting, reconciling, verifying, posting, and handling paper payment processing payments costs about $22 billion a year..

According to a new study with Qwest Communications, Fiserv and Aspen Analytics , electronic billing clearly benefits that bottom line. By analyzing the customer bill paymentHabits of more than 8 million people over an 18-month time period, the study revealed that how customers receive and pay bills..

Research on payment processing was recently released from Goldman Sachs. The investment bank expects growth from sources other than credit cards to power growth of electronic payments to 42.3% of worldwide personal consumption expenditures in 2012, up from 35% this year.Growth in credit card..

According to consulting firm Treasury Strategies losses caused by fraud could result in the closing of as many as 10 financial institutions within the next three years. According the Barry Barretta, a principal at Treasury Strategies, “Fraud risk in the industry is at an unprecedented..