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Wednesday, August 31, 2011

Automated Clearing House (ACH) in India. Kick-off in India.


Automated Clearing House (ACH) in India. Kick-off in India.

The kick-off for another NPCI Mandate i.e launch of ACH has begun.

NPCI has launched a Request for Proposal (RFP) for “Supply, Implementation and Maintenance of Automated Clearing House Solution (ACH) for National Payment Corporation of India”

The scope of ACH is 82,000+ Bank Branches spread all over India.
ACH is primarily designed to handle low value high volume transactions based on electronic files.

The whole RFP process i.e Issuance of Bidding Document to Opening of Technical Bid is expected to be over by 28/09/2011.

AS we are starting from scratch, ideally the transactions should be in real-time mode rather than batch mode.

Real-time mode will be the rule changer  for Payments in our country.

Look forward to more Posts on ACH in this Blog.

ACH’s originated in USA, in the early 1970’s and spread across USA very rapidly.  

2 comments:

Unknown said...

Electronic Funds Transfer - ACHPC can provide dedicated electronic funds transfer service without regard to other programs and competition for financial or personnel resources.

ACH Processing

Unknown said...

ACH Direct offers merchant accounts for processing all major credit card payments, offering single and recurring credit card processing and debit card processing with end to end security and flexible reporting tools.
ACH Processing

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