The National Automated Clearing House Association is under fire for trying to carve out a coordinating role in the electronic benefits transfer industry.

Several key constituencies, including retailers and transaction processing companies, lined up against Nacha's plan to form a rulemaking body called the Electronic Benefits Transfer Council.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.