The new International ACH format, IAT, goes into effect today. IAT is the single biggest change to the ACH network in decades. It affects all International ACH transactions that flow through the US ACH network, regardless of currency or country. The NACHA rule change both redefines what an International transaction is and creates a new International ACH transaction format. If you are unclear on what IAT is and how it impacts your business, payment processes, customers and vendors, please refer to my previous post: Countdown to IAT.

There’s nary a mention of IAT in the media or on the blogs today, but ever since my last post, my phone has been ringing off the hook. Current and prospective customers are asking, How can I use IAT to offer new global payment services for my customers? How can I gain competitive advantage in this emerging space? How does IAT fit into the payment landscape: does it complement or compete with wires?

If you want to have similar conversations let me know.