Software industry

Software industry

Bank of America and VeriSign Launch National Automated Clearing House Association's Certification Authority Interoperability Pilot

The pilot program, announced on August 11, aims to facilitate secure Internet commerce applications between banks, merchants, and consumers. The initiative, designed by the National Automated Clearing House Association (NACHA), utilizes digital certificates for digitally signing authorization agreements to debit users' accounts for recurring payments via the Automated Clearing