>>Due to its robustness for both consumers and suppliers, ACH is a slow, multi-staged, layered process that focuses on protecting all parties involved... I lik

>>Due to its robustness for both consumers and suppliers, ACH is a slow, multi-staged, layered process that focuses on protecting all parties involved... I like what plaid brings to the table, that statement however is a bit of a stretch. ACH is slow because of the old tech involved essentially being a series of batched cron jobs used to move the data around not due to some 'robustness'. Countries with newer banking systems have ACH-like setup that us way faster then US', Mexico's SPEI being a prime example of that. There's also Fedwire but it's not for mere mortals :)