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Re: Walmart launches money transfer, at type of ACH

From: Joseph Potvin <jpotvin@opman.ca>
Date: Sat, 19 Apr 2014 10:24:59 -0400
Message-ID: <CAKcXiSqShECoBX2D3AxS7g5rs+0EVw=H7KNjUZSgUzv-qbQdKg@mail.gmail.com>
To: Web Payments CG <public-webpayments@w3.org>
As there may be some confusion about what the ACH architecture is, how
these work, and where they are used, here are two very useful papers
from the Federal Reserve of Boston:
http://www.bostonfed.org/economic/ppdp/2010/ppdp1001.htm
http://www.bostonfed.org/economic/ppdp/2011/ppdp1110.htm

Joseph Potvin
The Opman Company

On Sat, Apr 19, 2014 at 8:11 AM, Anders Rundgren
<anders.rundgren.net@gmail.com> wrote:
> http://www.prnewswire.com/news-releases/nacha-to-demonstrate-project-actions-bank-centric-internet-payment-system-76055362.html
>
> This project failed.  Their EU counterparts have had their versions of this running
> since 10-15 years back and it works pretty well although only on a national basis.
>
> Anders
>
> On 2014-04-19 13:56, Joseph Potvin wrote:
>> Useful info about NACHA:
>> http://www.metcapbank.com/2013_Corporate_Rules_and_Guidelines.pdf
>>
>> ~joseph
>>
>> On Fri, Apr 18, 2014 at 3:14 PM, Joseph Potvin <jpotvin@opman.ca> wrote:
>>> 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 Saturday, 19 April 2014 14:25:46 UTC

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