The National Automated Clearing House Association is planning a pilot of check truncation in retail lockbox operations.

The association, known as Nacha, has completed a set of guidelines for holding checks at lockbox sites and converting the data into electronic messages. It aims to begin the pilot in late March.

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.