Modern Treasury Announces Global ACH Capabilities to Provide Customers with Access to Lower Cost Cross-Border Payments

SVB

"Modern Treasury, the operating system for the new era of payments, and Silicon Valley Bank, today announced the availability of a new global payment solution, which will allow mutual clients to send cross-border payments more efficiently, predictably, and at a lower cost by leveraging local payment rails. Global ACH will provide mutual customers with more choices for cross-border payments beyond the SWIFT network. With Global ACH, customers can automate international payments using the ACH- and RTP-equivalent payment rails in other countries."