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Guide to Implementing a
Point-of Purchase Entry Program
Now there's a cheaper, faster way to collect consumer checks at the point of purchase - using the ACH Network as an
alternative to the expensive, time-consuming paper collection process! The Guide to Implementing a Point-of-Purchase Entry Program has been developed by experts at NACHA - The Electronic
Payments Association, to help you take advantage of this new application. In it you'll find everything you need to determine if a point-of-purchase debit entry program is right for your
organization and how to comply with the new NACHA Operating Rules that support these one-time consumer debits initiated at the point-of-purchase. Topics include:
- Background, benefits and economic incentives
- Issues for Originating Companies, ODFIs and RDFIs
- Risk Management issues
- Frequently asked questions from FI and Consumer perspectives
- Sample Forms/Receipts
Economic Frameworks (developed by NACHA's Electronic Check Council) for the point-of-purchase application from the Retail
Merchant's/Originator's, Collecting Bank's, Paying Bank's and Drawer's perspectives are also included.
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