The Electronic Payments Association® today announced the recipients of its 2014 Payments System Awards. NACHA’s Payments System Awards recognize the highest degree of achievement in the development, implementation and advancement of electronic payments. These prestigious awards celebrate outstanding accomplishments and superior leadership in innovation, excellence and promotion of the positive environmental impact of electronic payments, statements and billing. This year’s awards recipients include: The 2014 PayItGreen Award iPay Solutions
The 2014 George Mitchell Payments System Excellence Award Bill.com
“NACHA is proud to recognize iPay Solutions and Bill.com as recipients of the 2014 Payments System Awards,” said Janet O. Estep, president and CEO of NACHA. “These organizations demonstrate a commitment to increasing the use and promoting the benefits of electronic payments. We commend iPay Solutions and Bill.com for their leadership and vision in advancing electronic payments and the payments industry.”
The 2014 PayItGreen Award The PayItGreen Award honors individual or organizational leadership, vision and innovation in the education and promotion of electronic payments, statements and bills to reduce environmental impact.
The 2014 PayItGreen Award is presented to iPay Solutions for developing and implementing an innovative online Resource Center offering turn-key marketing and training materials to help its customers better promote the benefits of electronic billing and payments. Over the past five years, iPay Solutions’ Resource Center has helped increase subscriber adoption of online bill pay by 300 percent and use of electronic payments by 150 percent, providing significant environmental benefits.
The 2014 George Mitchell Payments System Excellence Award The George Mitchell Payments System Excellence Award, named after former vice-chair of the Board of Governors of the Federal Reserve, George Mitchell, an early proponent of electronic payments, honors an individual or organization that has shown superior leadership in the development, implementation or advancement of electronic payments.
The 2014 George Mitchell Payments System Excellence Award is presented to Bill.com for its efforts to increase adoption of electronic payments by small and medium-sized businesses and enterprises. Bill.com is helping to promote ACH payments through its innovative service that automates the end-to-end processes for payables, receivables and cash flow—saving companies up to 50 percent of time typically spent on financial back office operations. Through its solution, Bill.com has been able to convert 60 percent of its customers’ paper checks to electronic payments and is working towards a goal of 100 percent of its customers using ACH as their primary transaction method.
The recipients of the 2014 Payments System Awards will be recognized during the Payments System Awards Luncheon, sponsored by TD Bank, N.A., at PAYMENTS 2014. PAYMENTS, the premier educational event for the payments industry, is being held now through April 9th at the Orlando World Center Marriott.
For more information, visit http://www.nacha.org.
About PAYMENTS 2014 PAYMENTS 2014, taking place April 6 – 9 at the Orlando World Center Marriott in Orlando, Fl., features more than 130 educational sessions and workshops with renowned speakers from financial institutions, corporations, government agencies, legal and regulatory bodies, consulting and research firms, service providers, and more. Sessions are organized along seven tracks — the ACH Network & the NACHA Operating Rules, Card-Based Opportunities, Compliance, Risk & Fraud Prevention, Corporate Payment Solutions, Mobile & Digital Payments, Payment Strategies and World Payments Viewpoint – to address the topics of pivotal importance to payments professionals. In addition, a dynamic exhibit hall of nearly 100 industry leaders features today’s top products and services.
To learn more about PAYMENTS 2014 sessions, workshops, speakers, sponsors, and exhibitors, or to register, visit https://payments.nacha.org.
NACHA — The Electronic Payments Association NACHA manages the development, administration, and governance of the ACH Network, the backbone for the electronic movement of money and data. The ACH Network provides a safe, secure, and reliable network for direct account-to-account consumer, business, and government payments. Annually, it facilitates billions of Direct Deposit via ACH and Direct Payment via ACH transactions. Used by all types of financial institutions, the ACH Network is governed by the fair and equitable NACHA Operating Rules, which guide risk management and create payment certainty for all participants. As a not-for-profit association, NACHA represents more than 10,000 financial institutions via 16 Regional Payments Associations and direct membership. Through its industry councils and forums, NACHA brings together payments system stakeholders to foster dialogue and innovation to strengthen the ACH Network. To learn more, please visit http://www.nacha.org, http://www.electronicpayments.org, http://www.payitgreen.org, and http://direct.nacha.org.