Pilots & Network Development
NACHA is currently conducting these industry Pilots:
The DCT Pilot enables financial institutions to truncate low-value consumer checks and collect them as ACH debits. Responding to an industry need to handle deposited checks more efficiently and at a lower cost than standard check processing, the pilot relies on existing infrastructure, using the ACH Network’s truncated check (“TRC”) Standard Entry Class Code. For more information, visit the DCT Pilot website.
Secure Vault Payments ™ (SVP) is a payment alternative that enables consumers to make online purchases and bill payments using their financial institution's online banking platform to complete the transaction privately and securely. A consumers' financial account data is never shared with the online business they are transacting with, and businesses benefit from authentication and real-time authorization provided by the consumer's financial institution. Funds settle via ACH Credit. For more information, please visit the SVP website www.securevaultpayments.org
EBIDS, or the Electronic Billing Information Delivery Service, is an Automated Clearing House (ACH) Network solution developed by NACHA to increase the availability of electronic bills for consumers. EBIDS allows businesses to deliver electronic bills to consumer online banking accounts for presentment to consumers and receive authorized credit payments through the safe and secure ACH Network.
EBIDS uses open, interoperable, and secure standards to facilitate bill delivery and payment through online banking channels. NACHA’s ACH formats and rules enable banks, billers, and eBilling providers to standardize Electronic Bill Presentment and Payment (EBPP) transactions. For more information, please visit www.nachaebids.org
