Online Payment Systems:
With the increasing use of
digital payments and the decreasing use of cash payments, enhanced digital
security and tracking of financial transactions have become significant aspects
of many businesses. The executive director of operations of Centervale Apparel
has asked you to research this issue and prepare a presentation for the
executive committee to educate them on these issues. You remember hearing that
the National Automated Clearing House Association (NACHA) is a leader in this
field and would be a good place to start your research.
Review the following:
·
NACHA – The Electronic Payments Association. (2011). News headlines. Retrieved
fromwww.nacha.org
Using the University online
library resources as well as NACHA’s Web site article to complete the
following:
·
Describe NACHA and its role.
·
Examine and explain the Automated Clearing House (ACH), its role,
and how it relates to NACHA.
·
List and explain the key participants in an ACH e-payment.
·
Describe the key initiatives currently underway at ACH.
·
Identify and analyze at least four digital payment concerns
Centervale Apparel might want to consider in light of what you have learned
from NACHA.
·
Use the Notes function in Microsoft PowerPoint to prepare detailed
speaker’s notes for your formal presentation to the executive committee.
Develop a 4–5 slide presentation
in PowerPoint format. Add speaker notes. Apply APA standards to citation of
sources
