Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Healthcare payment costs should be limited CUNA to NACHA
WASHINGTON (4/30/12)--The Electronic Payments Association (NACHA) should minimize costs on financial institutions that process healthcare reimbursement payments through the automated clearing house (ACH) network, the Credit Union National Association (CUNA) suggested in a comment letter.

NACHA has considered changing some of its information processing protocols for healthcare payments, and has provided three different approaches for how this change could be accomplished. According to CUNA, all three possibilities would result in higher costs for credit unions and other Receiving Depository Financial Institutions (RDFIs). CUNA said that rather than adopting one of the three suggested changes, NACHA should continue to permit RDFIs to provide healthcare payments information on CCD+ entries to assist their healthcare receivers based on the capabilities and preferences of both the RDFI and its receiver.

The CUNA comment letter also said RDFIs should not be required to automatically deliver reassociation data to healthcare receivers for each payment that is processed, as most payments are processed correctly. Not all healthcare receivers would want to receive the reassociation data automatically for every payment that is processed, CUNA added.

For the full comment letter, use the resource link.
Other Resources

RSS print
News Now LiveWire
#Iowa Housing Authority honors #creditunion's mortgage commitment #NewsNow http://t.co/97me6ziPFa
35 minutes ago
Adams to Zimmerman: Don't let your name define your financial decisions via @ndn http://t.co/kPVgQaDFNo
3 hours ago
Calif. ride-sharing law protects #creditunion collateral #NewsNow #System http://t.co/kXAAmbQgKO
4 hours ago
New offices mean moving sale at @TheKCUA https://t.co/xaof5SJkmE
5 hours ago
Existing-home sales slump in August as cash purchases decline @REALTORS
6 hours ago