Re: Walmart launches money transfer, at type of ACH

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 11:57:06 UTC