XML in the ACH? - Homepage | Nacha
Transcript of XML in the ACH? - Homepage | Nacha
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Visit www.nacha.org/XML-ACH-Remittance
for more information and to download the
XML-ACH Opt-in Rules and Specs and the
Participant Agreement
Extensible Markup Language (XML) is adata format that can now be used as anew option for transmitting ACH B2B remittance information.
Key Features:
n Uses ISO 20022 payment remittance advicemessages
n Opt-in usage for financial institutions, serviceproviders and corporates
n Identical process flow compared to Electronic Data Interchange (EDI)
XML in the ACH?
Opportunities:
n Facilitate modern formats for B2B transactions
n Enable electronic remittance exchangeswith small and midsize companies
n Create an option to choose either traditional ACH EDI remittance formator new XML remittance format
n Develop additional revenue streams for payments remittance services
n Leverage greater usage of XML in financial services
n Provide straight-through processing of payment-related information
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www.nacha.org
Turn Invoice Data into ACH Remittance Information:XML Formats Allowed!
Visit
www.nacha.org/XML-ACH-Remittance
for more information and to download
the XML-ACH Opt-in Rules and Specs
and the Participant Agreement