﻿<?xml version='1.0' encoding='UTF-8'?><rss version="2.0" xmlns:dc="http://purl.org/dc/elements/1.1/"><channel><title>Alliance Forums / General Forums / Regulatory Updates  / Result of Federal Reserve's Ruling / Latest Posts</title><generator>InstantForum.NET v4.1.2</generator><description>Alliance Forums</description><link>http://support.allianceach.com/forums/</link><webMaster>forums@allianceach.com</webMaster><lastBuildDate>Tue, 02 Dec 2008 22:29:32 GMT</lastBuildDate><ttl>20</ttl><item><title>Result of Federal Reserve's Ruling</title><link>http://support.allianceach.com/forums/Topic120-27-1.aspx</link><description>The biggest resultant change in the ACH Network from the recent Fed Commentary is Back Office Conversion, a new product that will become available in March of 2007.&lt;P&gt;This new use will enable companies that receive checks in a retail environment to move those checks to thier back room for scanning and conversion to ACH debits.&lt;/P&gt;&lt;P&gt;Those who desire to use this new SEC Code (BOC) need to become familiar with the rules, especially those regarding authorization and notification, as well the opt-out requirements.&lt;/P&gt;&lt;P&gt;More information is available in the press release &lt;A href="http://www.nacha.org/News/news/pressreleases/2006/Pr050806-2/pr050806-2.htm"&gt;here&lt;/A&gt;.</description><pubDate>Mon, 22 May 2006 11:43:33 GMT</pubDate><dc:creator>Paul</dc:creator></item></channel></rss>