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USA NACHA system is old. It's fixed width files transmitted via SFTP or web portals and manually uploaded to other banks.
by segmondy 8y ago
USA NACHA system is old. It's fixed width files transmitted via SFTP or web portals and manually uploaded to other banks.
- pas 8y agoThis sounds like a very weak excuse. Why can't the bank show the account owner the incoming pulls, and let the owner authorize them? (And then send the authorized ones out as proper push transfers in the next ACH batch.)