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Hey, I’m an ex-Square that is part of founding engineering team at Column. My team will be monitoring this thread and we’ll be happy to answer any questions! Es
by strzalek 4y ago
Hey, I’m an ex-Square that is part of founding engineering team at Column. My team will be monitoring this thread and we’ll be happy to answer any questions! Especially those about ACH, I’m sure you have plenty and we know it through-out!
- drogus 4y agoLooks interesting! Do you plan to create an SDK? Or is interfacing with the HTTP API will be the best way to use the app for now?
- crate_barre 4y agoDo you guys issue physical cards or checks?
- strzalek 4y agoWe’re an issuing bank and sponsor card programs on Visa & Mastercard. Our partners can offer both physical and virtual cards to users. Checks are currently in beta but please get in touch if we can help! https://dashboard.column.com/contact https://dashboard.column.com/contact
- thrill 4y agoMaybe do something fancy like X1 and offer a metal card?
- earthboundkid 4y agoHow much COBOL do you have to write on a daily basis?
- strzalek 4y agoZero. The whole stack is built in golang from scratch and we integrate with FED over some... interesting protocols.
- thecosas 4y agowe integrate with FED over some... interesting protocols. Would love to know more!
- usrn 4y agoMy understanding is they sftp batches of CSV files at eachother.
- shivaas 4y agothis is probably closer to the truth that you might have imagined :) that at that most of the $1T+ ACH transfers that happen daily in the US banking system happen over plaintext files and SFTP (source: I've written one of these files)
- jawspeak 4y agoUsing Fedline Command with Axway by chance? E.g. see https://www.frbservices.org/binaries/content/assets/crsocms/resources/fees/2022-fedline-comparison-matrix.pdf https://www.frbservices.org/binaries/content/assets/crsocms/... matrix of ways to connect to the Fed.
- solaxun 4y agoSo I guess that means handling SWIFT MT / ISO 20022 messages is a big part of the custom stack?
- Asafp 4y ago
- simplify 4y agoOff topic: Does founding engineering team mean founders who are also engineers, or does it mean pre-launch engineer hires?
- igrav55 4y agoThis looks awesome! A few questions: - Will there be an openapi spec to generate clients in most languages? - Do you support depositing checks via the dashboard? - Out of curiosity, what database are you using for high availability?
- Asafp 4y agoHi, I am an engineer at Unit.co, a company that also builds Banking as a Service. We use PostgreSQL as database, and currently thinking about adding ElasticSearch to allow our users to do text search.
- SgtBastard 4y agoFriend, its in poor taste to hijack a question about a competitors product to spruik your own - I would be less likely to consider Unit.co as a result of what you're doing here.
- paisawalla 4y agoFriend, it's bad form to impute negative motives where (over)exuberance is a sufficient explanation. This guy cares a lot about the product he or she works on, simply move on if their comment is not for you.
- SgtBastard 4y ago>Just move on if their comment is not for you. Ironic.
- Asafp 4y agoMy answer was written with the intention of helping others and sharing my knowledge with fellow engineers, I enjoy talking about tech and engineering and even thinking of writing a blog post about it.
- sunsetSamurai 4y agohow's the team liking using go so far? any pain points?
- Brystephor 4y ago1. Can you share some use cases for this? 2. It seems like I can use your API to create bank accounts with your bank. Does this mean I could become a "bank wrapper" and use your API to generate real bank accounts and become a digital bank without having to go through the legal processes of becoming a real bank?
- MichaelApproved 4y agoThat’s what I was getting from them but their marketing isn’t clear. Use cases would be very helpful.
- instagary 4y agoCan you talk about instant ACH, why do some charter partners like Robinhood and Coinbase support it but other legacy banks don't? How is instant ACH different to regular? Also, is it true that ACH is not instant bank to bank – essentially the banks settle up at the end of each month with 1 giant transaction? What about P2P support via Zelle, I recently learned it's lipstick on a pig and basically ACH under the hood. Sorry in advance if the questions are outside the scope of this thread.
- deleted 4y ago[deleted]
- joshbaptiste 4y agoWill you blog about your back-end tech stack? It's interesting what a NEO-bank has to run these days to interface with other banks