NACHA Launches Secure Vault Payments Pilot.Secure Vault Payments Offers Consumers a New Way to Pay Online
HERNDON, Va. -- Headline of release should read: NACHA NACHA National Automated Clearing House Association
NACHA National Agency Clearing House Association Launches Secure Vault Payments Pilot (sted NACHA Launches New Online Alternative Payment Network).
First graph, first sentence of release should read: NACHA - The Electronic Payments Association announced today that Secure Vault Payments is now a live pilot program to test online consumer purchases and bill payments. (sted NACHA - The Electronic Payments Association announced today that Secure Vault Payments is now a live alternative payment option.).
Fifth graph, first sentence of release should read: Secure Vault Payments is the only payment option...(sted Secure Vault Payments is the only alternative payment option...).
The corrected release reads:
NACHA LAUNCHES SECURE VAULT PAYMENTS PILOT
Secure Vault Payments Offers Consumers a New Way to Pay Online
NACHA - The Electronic Payments Association announced today that Secure Vault Payments is now a live pilot program to test online consumer purchases and bill payments. The Automated Clearing House See ACH. (ACH)-based Internet payments network allows consumers to conduct e-commerce and bill payment transactions without sharing personal account information.
Columbus Bank and Trust Company, a Synovus bank, was the sponsoring and authorizing bank for the first live transactions originated through consumer purchases at igourmet.com, a leading online retailer.
"Secure Vault Payments shows that the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject.
Please [ improve this article] or discuss the issue on the talk page. industry can develop the next-generation of payment solutions on the structure of existing bank platforms," said Lee Lee James Lee James (born October 31 1953) was an Olympic weightlifter for the United States. Weightlifting achievements
Spencer Chesman, igourmet.com founder and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , added, "Our philosophy is to capitalize on Cap´i`tal`ize on`
v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. the power of the Internet to help us offer our customers unparalleled levels of quality, convenience, accessibility and service. In keeping with that philosophy, we are excited to offer Secure Vault Payments as an alternative payment option. We believe it provides real value during checkout for our customers."
Secure Vault Payments is the only payment option that operates on existing financial institution platforms, provides businesses with real-time payment authorization, and offers consumers an online payment choice without sharing any personal account information.
Secure Vault Payments[TM] (SVP SVP S'il Vous Plaît (French: Please)
SVP Senior Vice President
SVP Schweizerische Volkspartei (Swiss People~s Party)
SVP Society of Vertebrate Paleontology
SVP Social Venture Partners
SVP St Vincent de Paul )
Secure Vault Payments[TM] enables consumers to initiate private and secure payments for purchases and bill payments through their financial institutions' online banking platforms, using the ACH Network and eWise Systems Payment Switching technology. Financial institutions authenticate consumers and provide businesses with real-time authorization and confirmation of payment (ACH credit). Secure Vault Payments[TM] is a trademarked product of NACHA--The Electronic Payments Association. To learn more, visit http://securevaultpayments.org/.
NACHA--The Electronic Payments Association
NACHA--The Electronic Payments Association is a not-for-profit association that oversees the Automated Clearing House (ACH) Network, one of the largest electronic payment networks in the world. More than 18 billion ACH payments were exchanged in 2007. NACHA is responsible for the administration, development, and enforcement of the NACHA Operating Rules and sound risk management practices for the ACH Network. Through its industry councils and forums, NACHA brings together hundreds of diverse payments system stakeholder stakeholder n. a person having in his/her possession (holding) money or property in which he/she has no interest, right or title, awaiting the outcome of a dispute between two or more claimants to the money or property. organizations to enable the development of new network services and applications. NACHA represents more than 11,000 financial institutions through direct membership and 19 regional payments associations. NACHA and its members provide education, tools, and resources to increase the adoption of ACH payments to benefit businesses, consumers, and governments. To learn more, visit www.nacha.org and www.electronicpayments.org.
eWise Systems is partnering with NACHA to provide the Secure Vault Payments network, utilizing its online payments switch technology and account management services. eWise has operations in the USA, Europe and Australia and is rapidly expanding into growth markets, including China. eWise banking customers include a number of the global top 100 banks. For further information, please visit: www.ewisesystems.com
Synovus (NYSE NYSE
See: New York Stock Exchange : SNV SNV Synovus Financial Corp. (stock symbol)
SNV Schweizerische Normenvereinigung (Swiss standards body)
SNV Stichting Nederlandse Vrijwilligers (Netherlands Development Organization) ) is a financial services holding company with approximately $33 billion in assets based in Columbus, Georgia Columbus is a city in Muscogee County, Georgia, United States. It is the primary city of the Columbus, Georgia Metropolitan Statistical Area, an MSA which encompasses all of Columbus, Georgia, Chattahoochee, Harris, Marion, and Muscogee counties, Georgia, and Russell County, . Synovus provides commercial and retail banking, as well as investment services, to customers through 36 banks, 440 ATMs, and other Synovus offices in Georgia, Alabama, South Carolina South Carolina, state of the SE United States. It is bordered by North Carolina (N), the Atlantic Ocean (SE), and Georgia (SW). Facts and Figures
Area, 31,055 sq mi (80,432 sq km). Pop. (2000) 4,012,012, a 15. , Florida and Tennessee. The company focuses on its unique decentralized de·cen·tral·ize
v. de·cen·tral·ized, de·cen·tral·iz·ing, de·cen·tral·iz·es
1. To distribute the administrative functions or powers of (a central authority) among several local authorities. customer delivery model, position in high-growth Southeast markets and commitment to being a great place to work to ensure the delivery of unparalleled customer experiences. See Synovus on the web at www.synovus.com.