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Tagged: iso20022
Real-Time Payments: When 'Next Business Day' Becomes 'Next Few Seconds'
5 min read
We've covered the courier (wires) and the mail truck (ACH). Now meet the newest option, real-time payments, the rails built to move money instantly, any time, any day, without wire prices. A plain English look at FedNow, RTP, and Canada's upcoming Real-Time Rail.
paymentsfednowrtpreal-time-railiso20022fintech
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.
paymentsachnachacpa005iso20022fintech
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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