ALEXANDRIA, Va. - (10/07/05) -- NACHA, the electronic paymentsassociation, said Thursday it has adopted the Universal PaymentIdentification Code, or UPIC, to conduct electronicbusiness-to-business payments. UPIC is a unique bank or creditunion account identifier that allows companies to receiveelectronic payment without disclosing their banking information.UPICs are for credit payments only, protecting accounts fromunauthorized debits, checks and demand drafts. UPICs were developedby the Electronic Payments Network, the ACH business of TheClearing House Payments Co. LLC.
-
The top five banks and thrifts have combined total assets of nearly $13 trillion.
Just now -
The two regional banks are anticipating that borrower demand will increase in the back half of the year. High interest rates and economic uncertainty have been muting the appetite for borrowing.
40m ago -
In a letter to Treasury Secretary Janet Yellen last week, the Massachusetts senator highlighted the growing use of cryptocurrencies by malicious organizations abroad and underscored the need for anti-money-laundering and counterterrorism provisions in future proposals.
1h ago -
Brendon Falconer, finance chief of the Indiana company since 2019, faces felony child molestation charges. But CEO James Ryan says management is focused on the CapStar integration and organic growth.
2h ago -
The banking-as-a-service middleware provider will be acquired by TabaPay. Other middleware providers may be forced to evolve or face the same fate.
4h ago -
Institutions and their investors are facing pressure from climate activists, cautiously awaiting interest rate cuts and adjusting to new Federal Reserve and FDIC policies.
4h ago