A flap is brewing between the Federal Reserve banks and National Automated Clearing House Association over how best to market paperless payment services.

Nacha, the rulemaking body for regional automated clearing house associations, wants to finance promotions of direct payroll deposits and other ACH services through small surcharges on standard processing fees.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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