BIRMINGHAM, Ala.--(BUSINESS WIRE)--Today NEACH and EastPay, two Regional Payments Associations, announced the formation of Payments Space Advisors, an equally-owned joint venture subsidiary that will provide payments risk management, compliance, and consulting services to financial institutions and businesses.
Payments Space Advisors was formed to provide a broader range of essential services that industry stakeholders need to be competitive in the payments arena. Services offered by the new joint venture include ACH Compliance Audits; Third-Party Sender Audits; ACH Risk Assessments; Remote Deposit Capture Risk Reviews; and customized payments consulting and education tailored to clients’ needs. Pam Rodriguez, AAP, CIA, CISA will serve as President and CEO of the new company.
“Keeping up with the pace of change will challenge financial institutions and companies as the payments system continues to evolve,” said Linda O’Hara, President and CEO of NEACH. “Payments Space Advisors is ready to help our respective members meet this challenge.”
“EastPay is delighted to partner with NEACH in this joint venture that deepens our resources and broadens our service capabilities to our members,” added Norman Robinson, President and CEO of EastPay.
NEACH and EastPay will formally debut the new company at NACHA’s Payments 2014 conference, April 6 – 9 in Orlando, FL. For more information, visit www.PaymentsSpaceAdvisors.com or contact info@PaymentsSpaceAdvisors.com.
ABOUT NEACH: The New England Automated Clearing House Association (NEACH) is a non-profit association that helps members originate and receive ACH transactions, and provides products, services, education, and marketing to increase the acceptance, use, and quality of electronic transactions. NEACH is a Regional Payments Association member of NACHA – The Electronic Payments Association.
ABOUT EASTPAY: EastPay is a trade association that has provided payments expertise for 40 years through education, risk mitigation, and compliance support. As accredited experts on the operating rules of the Automated Clearing House (ACH) network, EastPay helps organizations take advantage of the opportunities and avoid the risks presented by the phenomenal growth of electronic payments. EastPay is a Regional Payments Association member of NACHA – The Electronic Payments Association.
