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.
