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XML formatted remittance data in the ACH: a feasibility assessment.(eXtensible Markup Language, Automated Clearing House)

Business Credit

| January 01, 2003 | COPYRIGHT 2003 National Association of Credit Management. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

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.

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Source: HighBeam Research, XML formatted remittance data in the ACH: a feasibility...

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