Idola today announced Aegis, a new middleware product that will simplify the process of OFAC screening of International ACH transactions (IAT). New rules issued by NACHA require all international ACH payments to be identified as such, and thus will permit financial institutions to perform due diligence with respect to IAT transactions as required by the Office of Foreign Asset Control (OFAC). These rules become effective September 18, 2009 and will impact all financial initiations that originate...
Keep on reading: Idola Announces Aegis, an OFAC Solution for IAT
Keep on reading: Idola Announces Aegis, an OFAC Solution for IAT