The Barbados Automated Clearing House (ACH) platform (which Prism operates for the Banks) was finally converted to strict NACHA format processing.
Congrats to the ACH team and the banks for completing this project.
NACHA Item Processing is the ACH format consistent with the National Automated Clearing House Association (North America)
NACHA clearing allows Depository Institutions to assign the appropriate codes and Discretionary Data which correctly identifies payment transactions internationally. Processing in NACHA format will also more efficiently accommodate Direct Payments, enable Internet Banking as an input conduit for clients and set the standard for Check Truncation as it relates to Check 21 format.
