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.

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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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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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