Topic

Payment Infrastructure

154 questions
Why does it take several business days to move money electronically between two U.S. banks? Jan 5, 2016 Domestic Payment Rails, National Switches and Clearing Systems Why might a company demand a bank wire instead of an ACH transfer for large payments? Jan 2, 2016 Domestic Payment Rails, National Switches and Clearing Systems How likely is it that a newer, smarter version of ACH will be created to update or replace the current 1960s-era ACH system? Dec 2, 2015 Domestic Payment Rails, National Switches and Clearing Systems Ben Milne: How does Dwolla FiSync handle settlement of payments between banks? Nov 5, 2015 Domestic Payment Rails, National Switches and Clearing Systems What does a typical ACH payment acceptance flow look like end to end? Aug 12, 2015 Domestic Payment Rails, National Switches and Clearing Systems Is knowing someone’s bank account number alone enough to withdraw money from a US bank account? Aug 11, 2015 Domestic Payment Rails, National Switches and Clearing Systems How many Asian countries use real-time gross settlement systems similar to India’s Aadhaar-enabled payment system? Aug 6, 2015 Domestic Payment Rails, National Switches and Clearing Systems Why do electronic payments get authorized in seconds but take 2–3 days for clearing and settlement? Aug 6, 2015 Domestic Payment Rails, National Switches and Clearing Systems Why do US banks typically charge around $30 for sending a wire and $12 for receiving one between businesses? Aug 6, 2015 Domestic Payment Rails, National Switches and Clearing Systems What exactly are ACH fees and who charges them? Aug 5, 2015 Domestic Payment Rails, National Switches and Clearing Systems What is the best option for a website that needs to receive low-volume but high-value ACH payments? Jul 5, 2015 Domestic Payment Rails, National Switches and Clearing Systems In a world of smart tech, Faster Payments (UK), ACH, and EPN (US), why can’t bank accounts show truly real-time balances based on all posted transactions? Jul 5, 2015 Domestic Payment Rails, National Switches and Clearing Systems What does a domestic wire transfer actually cost a bank to execute behind the scenes? Jun 12, 2015 Domestic Payment Rails, National Switches and Clearing Systems What are the biggest threats facing the ACH (automated clearing house) system, and why? Jun 5, 2015 Domestic Payment Rails, National Switches and Clearing Systems What makes an ACH account number unique in the United States? Jun 5, 2015 Domestic Payment Rails, National Switches and Clearing Systems Does Stripe support ACH bank payments in addition to card transactions? Jun 3, 2015 Domestic Payment Rails, National Switches and Clearing Systems How are payments drawn from a checking account authorized and approved? Jun 3, 2015 Domestic Payment Rails, National Switches and Clearing Systems How are very large sums held and moved within the United States? May 12, 2015 Domestic Payment Rails, National Switches and Clearing Systems If a wire transfer sent to my account is recalled by the sender, can the funds be pulled back without my consent? Mar 12, 2015 Domestic Payment Rails, National Switches and Clearing Systems What are the differences between ACH, SEPA, and RTGS payment systems? Mar 11, 2015 Domestic Payment Rails, National Switches and Clearing Systems Are paperless checks as insecure as they appear? Mar 8, 2015 Domestic Payment Rails, National Switches and Clearing Systems How does ACH work in practice, how are payments processed, and how does ACH differ from RTGS and other local payment switches? Feb 11, 2015 Domestic Payment Rails, National Switches and Clearing Systems How are large-value bank transactions executed in practice? Feb 8, 2015 Domestic Payment Rails, National Switches and Clearing Systems The UK Faster Payments website says around 400 payment service providers access the system indirectly via sponsor banks—who are these providers and what level of access/service do they get? Feb 8, 2015 Domestic Payment Rails, National Switches and Clearing Systems What exactly is involved in Check 21 processing services? Feb 7, 2015 Domestic Payment Rails, National Switches and Clearing Systems Can funds sent to the wrong account via NEFT/RTGS be reversed? Feb 7, 2015 Domestic Payment Rails, National Switches and Clearing Systems What is the minimum ACH debit settlement time needed to reduce fraud risk? Feb 6, 2015 Domestic Payment Rails, National Switches and Clearing Systems What is the fastest and cheapest way to send money to someone in another U.S. state, excluding MoneyGram or Western Union—perhaps via a bank? Feb 2, 2015 Domestic Payment Rails, National Switches and Clearing Systems Why don’t developed countries like the U.S., U.K., and Australia have instant interbank transfers? Feb 1, 2015 Domestic Payment Rails, National Switches and Clearing Systems What is a batch payment? Jan 11, 2015 Domestic Payment Rails, National Switches and Clearing Systems In simple terms, what is a clearinghouse? Jan 10, 2015 Domestic Payment Rails, National Switches and Clearing Systems Is there an efficient way to automate making hundreds of payments to online retail customers besides PayPal? Jan 9, 2015 Domestic Payment Rails, National Switches and Clearing Systems Is it risky to share my account and routing numbers with an employer? Jan 1, 2015 Domestic Payment Rails, National Switches and Clearing Systems What is your view on Dwolla as a payments platform? Nov 9, 2014 Domestic Payment Rails, National Switches and Clearing Systems Do the British Virgin Islands use an ACH system? Nov 6, 2014 Domestic Payment Rails, National Switches and Clearing Systems Which companies provide ACH payment services? Nov 3, 2014 Domestic Payment Rails, National Switches and Clearing Systems In the U.S., which common payment, wire, banking, card, or check problems should technology realistically eliminate within a year? Nov 3, 2014 Domestic Payment Rails, National Switches and Clearing Systems Since ACH and card payments can be reversed or charged back, is there any electronic payment method in the U.S. that is truly irreversible? Oct 9, 2014 Domestic Payment Rails, National Switches and Clearing Systems How does a company become an ACH processor that submits ACH transactions on behalf of merchants? Sep 11, 2014 Domestic Payment Rails, National Switches and Clearing Systems Is there a SaaS platform that handles ACH payments? Sep 7, 2014 Domestic Payment Rails, National Switches and Clearing Systems If an ACH network offers multiple settlement cycles per day, are participants required to submit files for each cycle? Sep 5, 2014 Domestic Payment Rails, National Switches and Clearing Systems Does transferring money between accounts at different banks normally involve paying a fee? Jul 11, 2014 Domestic Payment Rails, National Switches and Clearing Systems Why are U.S. banks slow to adopt features long used abroad, such as chip-and-PIN cards, pay-at-table systems, and easy free transfers between customers? Jul 9, 2014 Domestic Payment Rails, National Switches and Clearing Systems What is the most efficient method for sending money to clients directly from your website? Jun 8, 2014 Domestic Payment Rails, National Switches and Clearing Systems How are very large sums of money transferred between parties or institutions? Jun 1, 2014 Domestic Payment Rails, National Switches and Clearing Systems What systems do companies use to automatically deduct monthly loan payments from customer bank accounts? May 7, 2014 Domestic Payment Rails, National Switches and Clearing Systems How does data actually move behind the scenes when transferring funds within the same bank or to another bank? May 6, 2014 Domestic Payment Rails, National Switches and Clearing Systems What electronic payment options are available for businesses in Canada? May 6, 2014 Domestic Payment Rails, National Switches and Clearing Systems Once I share my checking account and routing numbers for ACH, what stops someone from pulling funds without my consent? Apr 9, 2014 Domestic Payment Rails, National Switches and Clearing Systems Where can I access the official NACHA (ACH) specifications? Apr 6, 2014 Domestic Payment Rails, National Switches and Clearing Systems