http://www.reuters.com/article/2014/04/17/us-walmart-euronet-idUSBREA3F1ZM20140417 A type of ACH (Automated Clearing House. https://www.walmartmoneycard.com/walmart/account/ach-bank-account That's the N.American formal terminology, but is known colloquially in the rest of the world as "Giro Accounts".) See the current plans for a national Giro in India: http://www.rbi.org.in/Scripts/PublicationReportDetails.aspx?UrlPage=&ID=701 The ACH Industry Standards are maintained via: North America: https://www.nacha.org/ EU: http://www.eacha.org/ However, "Beyond Europe and the US, the international ACH payments market is highly fragmented." Source: www.fpsc.com/DB/TreasuryPulse/PDF/Q310_article3.pdf Joseph PotvinReceived on Friday, 18 April 2014 19:15:00 UTC
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