Thank you for sharing!

Your article was successfully shared with the contacts you provided.

NEEDHAM, Mass. — This past March marked the first year of back office conversion (BOC) process coding from NACHA–the Electronic Payments Association. According to a report from TowerGroup (www.towergroup.com), BOC has had the slowest uptake of all the standard entry class (SEC) codes released by NACHA since 2000. The TowerGroup report said that while NACHA originally envisioned BOC replacing point of purchase (POP) processing, it now sees those check conversion options growing “in parallel,” driven by declining check volume and increasing debit card adoption. Those two factors will limit the “window of opportunity for a retailer to have a solid business case to implement any check conversion process.”

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.