The ACH Network is an electronic funds transfer system that processes payments between US financial institutions. It supports various transactions, including direct deposit of wages and automated bill payments. This system operates on a batch processing model, collecting transactions for periodic settlement rather than real-time execution. It forms a fundamental component of traditional financial infrastructure.
Context
While the ACH Network remains vital for conventional financial operations, its batch processing contrasts with the instant settlement capabilities of many blockchain systems. News often addresses its role in connecting traditional finance with cryptocurrency exchanges, particularly for fiat currency conversions. Ongoing modernization efforts aim to increase its speed and efficiency, potentially influencing its interaction with digital asset ecosystems.
The expanded tokenization service for ACH and RTP networks drastically lowers fraud vectors, securing high-volume payments and open banking data integrity.
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