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NACHA Launches Secure Vault Payments |
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NACHA announced today that Secure Vault Payments is now a live alternative payment option. The Automated Clearing House (ACH)-based Internet payments network allows onsumers 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.
NACHA claims Secure Vault Payments is the only alternative 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.
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Tel: 202.828.2635
