by djhworld on 4/4/19, 5:12 PM
I was listening to a podcast a few weeks ago (Planet Money) and was genuinlely shocked at how poor the US payments network is in relation to here in the UK.
Most bank transactions here complete within 2 hours (faster payments service) and are completely free.
by dragonwriter on 4/4/19, 5:37 PM
by rrggrr on 4/4/19, 7:30 PM
According to my bank ACH's can be revoked without the account holder's permission. Similarly, once the ACH link is set, funds can be withdrawn without the account holder's knowledge. I'm glossing over the terms and conditions account holders sign that enable this, because the essential point is that opting into an ACH funds transfer relationship can have consequences. We avoid ACH in our business for transactions of any real size.
by ac29 on 4/4/19, 8:31 PM
Does anyone know what Banks and/or services use same-day ACH? The article says same-day volume was up to $160B last year, but I've yet to see anything faster than next-day ACH.
by amaccuish on 4/4/19, 5:46 PM
Does ACH cost? I know in the UK we have faster payments, it usually shows up a few seconds later in the target account, and it's free. I've mostly stopped using paypal as a result.
by beaner on 4/4/19, 5:09 PM
I wonder how much of this is practical use of ACH vs using it to enter and exit other modern payment networks like venmo and coinbase, because ACH is actually abysmal.
by exabrial on 4/4/19, 9:17 PM
Server just got slashdotted. Anyone have a cached link?
by le-mark on 4/4/19, 5:31 PM
If anyone's interested in beta testing an app for easily viewing/editing fixed length files (ACH format files) shoot me an email.
by franciscojgo on 4/4/19, 5:37 PM
Pretty sure physical check use decline can be directly correlated to ACH use growth.