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Walmart launches money transfer, at type of ACH

From: Joseph Potvin <jpotvin@opman.ca>
Date: Fri, 18 Apr 2014 15:14:12 -0400
Message-ID: <CAKcXiSrPA9cHK1=JZtw3GmwfN9a-O-1+HTmMYDJmbXLzgUvw1g@mail.gmail.com>
To: Web Payments CG <public-webpayments@w3.org>
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 Potvin
Received on Friday, 18 April 2014 19:15:00 UTC

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