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IndustryUpdate

ANNOUNCEMENTS Jack Henry makes FinTech 100

Jack Henry & Associates Inc. placed 14 in the 2017 IDC
ATMIA issues best practice manual FinTech 100 Rankings compiled by IDC Financial Insights.
This marks the ninth consecutive year Jack Henry has
ATMIA published an international Best Practices for been named to the list of top global financial technology
Securing Deposit and Cash Recycling Machines manual that providers based on revenue. "The IDC FinTech Rankings,
outlines risks inherent in deposit machines, including now in its 14th year, is the global industry standard who's
fake machines, as well as fraudulent and empty envelope who of financial services technology providers, and we
deposits. It also discusses risks associated with fishing congratulate the 2017 winners," said Karen Massey,
and removal of envelope deposits, cash-out trapping, Senior Analyst at IDC.
counterfeit deposits, and manipulation of the currency
template, along with recommended risk mitigation mea- NACHA speeds debit, seeks awards nominees
sures.
On Sept. 15, 2017, NACHA – The Electronic Payments
DOJ accepts TCH real-time proposal Association launched Same Day ACH (automated clear-
ing house) for debit payments, a faster payments option
After review of a proposal by The Clearing House that reaches all U.S. bank accounts and enables businesses
Payments Company LLC to create and operate a new Real and consumers to send and receive same-day payments
Time Payment system that enables faster fund transfers and payment-related information through the ACH net-
between depository institutions, the Justice Department work.
said it will not challenge the effort. The department's
position was detailed in a business review letter to In a separate development, from Sept. 19 to Feb. 16, 2018,
counsel for TCH submitted by Andrew C. Finch, Acting NACHA is accepting nominations for the 2018 NACHA
Assistant Attorney General for the Antitrust Division. Payments Awards, which celebrate proven accomplish-
TCH is a joint venture of 24 U.S. banks. ment and leadership in the payments industry. Winners