NACHA is joining the mobile banking bandwagon. The ACH organization has formed a Mobile Banking Work Group under the leadership of its Internet Council. The goal is to develop an ACH payment platform strategy for mobile banking.
The Mobile Banking Work Group leadership will focus on four primary objectives in the initial phase of this project:
- Assess the NACHA Operating Rules for the accommodation of mobile banking and payments;
- Identify authorization and authentication considerations;
- Identify unique security characteristics and requirements;
- Assess systemic opportunities and barriers in the ACH Network.
For information
about participating in NACHA’s Mobile Banking Work
Group visit the NACHA Internet Council website.