Union will align organizations’ shared goal of facilitating B2B payments through a routing directory, and enable more rapid development and deployment for the financial services industry
HERNDON, Va., Oct. 1, 2018 – Today, NACHA announced that the Business Payments Directory Association (BPDA) will become an independent, member-led, self-governed group under the NACHA organization. The union will strategically align the efforts of the two organizations to facilitate business-to-business (B2B) payments through development and deployment of a B2B Payments and Remittance Directory. In August 2018, BPDA, in partnership with Discover Financial Services, began work on a proof-of-concept platform for a B2B Directory built on blockchain technology. The alliance will also help support and advance the proof-of-concept effort to ensure rapid delivery to the industry.
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