NACHA Includes State Bank As A Member

NACHA, the Electronic Payments Association, have recently added State Bank as a direct financial institution member.

State Bank, who are a subsidiary of State Bank Financial Corporation has locations in Atlanta and Georgia and is seen as one of the best performing community banks in 2010 and 2011.

For State Bank, this now means they will be directly involved with developments in the ACH (automated clearing house) network and with new innovations in the online payments sector.

Here is an excerpt from the article:

“We are very pleased to become a direct member of NACHA and look forward to working with the association on ACH rules and innovative electronic payments solutions,” said Dan Speight, State Bank’s Vice Chairman and Chief Operating Officer. “We value the opportunities presented by direct NACHA membership, including the opportunity to contribute to the future of the ACH Network.”

As a direct financial institution member, State Bank benefits from opportunities to be directly engaged in the development of the ACH Network and the NACHA Operating Rules. State Bank may vote directly on Rules ballots, nominate candidates to serve on NACHA’s Board of Directors, and participate in NACHA Councils, tasks forces, committees, and workgroups. Members also actively participate in NACHA efforts to shape regulatory, legislative, and ACH policies, gain up-to-date information on strategic industry issues, and increase their financial institutions’ visibility and exposure.

See the full article here: NACHA Adds State Bank as a Direct Financial Institution Member

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