OnDemand Video Module
The ACH network is one of the most important payments systems in the United States moving more than $50 trillion a year between bank accounts. Designed with minimal bells and whistles, the system excels at low-cost, bulk transfer of payment. This session grounds participants in ACH fundamentals and introduce the key concepts and terminology used in the world of ACH.
- ACH key concepts
- Value chain
- Transaction model
- Recent network expansion through Ad Hoc transactions and Same Day ACH
To understand the ACH terminology and concept, with a particular eye on how the ACH system differs from the checking system, the wire system, and the card system.
30,000+ Glenbrook Payments Boot CampTM workshop participants
Attending companies include fintechs, networks, banks, technology providers, investors, and more.
“The Payments Boot Camp® has done an amazing job at giving me a broader understanding of the payments industry in an easy to digest and engaging format.”
– Tessa Dill Money Solutions Specialist – Payments, Shopify