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HERNDON, Va. – A new Web site designed to help consumers understand, appreciate and use more electronic payments has been launched by NACHA, the electronic payments association. The site, www.electronicpayments.org will explain the benefits of direct deposit, direct payment and check conversion. The site also defines check conversion and discusses how it differs from other types of electronic payments. In anticipation of direct deposit and Direct Payment Month in May, the Web site goes live at the beginning of April. “Our new Web site will make it easier for consumers and companies to understand the benefits of moving to electronic payments,” said Mark Tizzard, a vice president with Wachovia Bank and chairman of NACHA’s Marketing Management Group. “This Web site was designed for the interested consumer, yet also provides robust information for businesses and financial institutions. It is a one-stop location for all ACH payment information.” The site has dedicated sections for consumers, businesses and financial institutions

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