August 19, 2008

Express Mail Corporate Accounts

Today the Federal Register published our new standards [HTML] | [PDF] making Automated Clearing House (ACH) debit a new method of payment for Express Mail Corporate Account customers. We also eliminate the option to open new local trust accounts.

The ACH system is a secure, private network that connects banks to one another by way of the Federal Reserve Board. The new standards are effective October 1, 2008.