The Unknown History of ACH Payments

Explore the essential yet overlooked world of ACH payments in today’s video. ACH, or Automated Clearing House, is a network that simplifies electronic payments and money transfers between banks across the U.S. It supports crucial transactions like salary deposits, bill payments, and more, handling over 31.5 billion payments in 2023.

We trace the origins of ACH back to the 1960s, examine its pivotal role in financial transactions, and discuss its evolution to accommodate real-time processing with technologies like FedNow and blockchain. Learn about the challenges in modernizing this vast system and the ongoing innovations that are shaping the future of finance.

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[Manav-jlof]

This informative video provides valuable insights into how ACH payments have revolutionized the way we transfer money. Thanks to the creator for shedding light on this essential aspect of our financial infrastructure!

[BrodDan]

Wow, this video showed me the fascinating history of ACH payments. Understanding the roots of this essential part of our financial system is key to appreciating its evolution. I do this almost everyday and didnt realise the mechanism behind it. Thanks for sharing this insightful journey into the unknown!👍👍

[memetaja]

ACH has played an important role in facilitating electronic payments and money transfers between banks

[cubegWebChannel]

ACH has transform payment transaction tremendously making it more viable and intricate

[memetaja]

ACH has played an important role in facilitating electronic payments and money transfers between banks.

[VinitSingh-lmbo]

It highlights ACH payments,
a system crucial yet often unnoticed in our daily finances

[Kaleullo]

Its like peeking behind the curtain to discover the silent engine powering our financial transactions, reminding us to appreciate the complexity hidden beneath the simplicity of tapping a screen to send money.

[juliusclemente]

As we all know ACH is the largest payment system on US in volume. Strongholpay really done a great thing here combining the future and traditional method of financing tech. Innovating the process with the help of ACH and NACHA. I hope the new step will be on Europe region like ACH hopefully SEPA will be next partnership

[VinitSingh-lmbo]

It highlights ACH payments,
a system crucial yet often unnoticed in our daily finances.

[warlockgamingff]

The best part of it need modernization like ACH payments

[redhiiro]

Interesting information!
The progress of payments, particularly digital ones, is astounding in its complexity,
in contrast to the general public's perception of this system as "simple" and "insignificant."
To be honest, I was also thinking along those lines.

I now understand why the rules were so complicated and dragged out,
particularly when a higher authority wishes to alter the current system or incorporate a new one.

[crazybusy]

ACH move forward the businesses to next level, because they can do everything electronically. No more roomfuls of people, needing to process each payment manually and ACH technology driven the financial system to enable the various players (banks, retail outlets, corporations, businesses, etc.) integrate their respective payment systems, such that payment can be made to any of the participate companies in real-time or within agreed turnaround time.

Stronghold adopt the new technologies and provide to it's traditional bank customers. In that way stronghold act as a bridge between the traditional and modern technology.

[creeditisyo]

bring on the crypto adoption, I am down for this
we should start with the $shx

[opseraph]

What a bunch of bots in these comments. Makes me wonder