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PURPOSE STATEMENT AND SCOPE
Should the ACH enable the exchange of XML remittance data?
The purpose of this article is to summarize the issues pertaining to this question through a SWOT (strengths, weaknesses, opportunities, and threats) analysis of the:
* current state of ACH business-to-business (B2B) payment and remittance processing;
* emerging usage of XML in payments and remittance;
* and perceived future of Internet-based B2B payments.
The scope of the analysis is limited to evaluating ACH-based remittance origination and receipt in business-to-business (B2B) payment transactions.
Source: HighBeam Research, XML formatted remittance data in the ACH: a feasibility...