Tagged: ach

It's Not Just NACHA: How 'ACH' Works Differently Around the World

4 min read

NACHA is a US thing. So what happens when a company has to pay employees or vendors in Canada too? A plain English look at Canada's EFT format, how it differs from NACHA, and how ISO 20022 ties the two together.

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Anatomy of an ACH Payment: How Your Paycheck Actually Gets to You

5 min read

We opened up a wire message in the last post. This time, let's open up an ACH payment, the one behind your paycheck, your rent auto-pay, and your Netflix bill, and see what's really inside it, in plain English.

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Wire vs. ACH vs. ISO 20022: A Field Guide to How Money Actually Moves

5 min read

Every payment travels over one of a small number of rails. Here's a simple, plain English breakdown of the three you'll run into most, wires, ACH, and ISO 20022, with real world examples for each.

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