NACHA, the electronic payments association, said last week it has adopted the Universal Payment Identification Code, or UPIC, to conduct electronic business-to-business payments. UPIC is a unique bank or credit union account identifier that allows companies to receive electronic payment without disclosing their banking info.
NACHA Adopts UPIC Code To Help Cut Fraud
October 17, 2005, 1:00 a.m. EDT
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