#Upic resources how to#

“Using a UPIC will enable NACHA to better protect our account from unauthorized electronic and paper debits, while still allowing businesses to pay us electronically.”

McEntee, President and Chief Executive Officer of NACHA. “As ‘The Electronic Payments Association’, NACHA always strives for maximum use of electronic payments in our operations, whether it’s 100 percent participation in Direct Deposit, accepting credit cards for selling NACHA’s publications online, or accepting ACH credits from businesses,” said Elliott C. UPICs are for credit payments only, protecting accounts against unauthorized debits, checks and demand drafts. NACHA is the first association to utilize UPIC.ĭeveloped by the Electronic Payments Network (EPN), the ACH business of The Clearing House Payments Company L.L.C., a UPIC is a unique bank account identifier that allows companies to receive electronic payments without divulging their banking information. NACHA was issued the UPIC by M&T Bank to receive ACH credits for publication purchases, and registrations for conferences, teleseminars and other educational programs. The Electronic Payments Association is now using a Universal Payment Identification Code (UPIC) to facilitate electronic business-to-business payments. Collections & Recovery Newsletter (for Lenders).

#Upic resources how to#

6/14 – How to Connect with Today’s Digital Consumer Free WebinarĦ/28 – Work Smarter, Not Harder - Client RFIs: Tell Your Story, Streamline, Manage, and Avoid Repetition Free WebinarĦ/29 – How the Call Center Has to Evolve Free Webinarġ1/8 – Fall Consumer Relations Consortium Meeting (Members Only) Regional Peer Meetingġ2/11 – Women in Consumer Finance 2023 Conference