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Wal-Mart Petitions NACHA For Say on Payments

Retail giant asks for corporate reps on NACHA board

The annual conference of NACHA, the Electronic Payments Association, was enlivened this year by giant retailer Wal-Mart’s call to add corporate representatives to the group’s board. NACHA’s ACH Network clears electronic payments between banks, and its board currently includes only bankers.

Two Wal-Mart representatives hosted a session at the meeting to discuss the issue, which provoked considerable debate.

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