With the newly added SVP payment method, consumers will be able to initiate payments for purchases and bill payments through their financial institutions’ online banking platforms, using the ACH Network and eWise’s online banking e-Payments technology. The online payments network allows consumers to carry out online transactions without sharing personal account details with merchants.
NACHA is the governing body for SVP, creating, maintaining and enforcing the use of SVP through the NACHA Operating Rules and business rules specific to SVP. eWise acts as the switch operator and technology provider, overseeing all sales, marketing and implementation activities for the development of the SVP network.
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