How does the ACH system work, how are payments processed, and how does it differ from RTGS and other local networks?

Asked May 5, 2017· 1 answer
Faisal KhanAnswered May 5, 2017
Here is a detailed description of how ACH works, including the time-motion diagram of a typical ACH transaction.

Faisal Khan's answer to How does an automated clearing house (ACH) work? How does it process payments, and how is it different from RTGS (which are used to process low-volume, high-value transactions), or other localized financial networks and switches?
ACHPayment InfrastructurePayment ClearingClearing Houses
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