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ACH might be among the most readily visible paper check killers — and as Nacha’s Larimer noted, “we need more than just ACH to make huge inroads [against checks]. Real time and the ACHnetwork can actually work together to displace paper checks.” ACH, she said, has been growing by double-digit percentage points annually.
Though it can be traced back to 2004 and was revised as recently as 2013, the ISO20022 framework is still a source of confusion across the payments industry. WHAT ISO20022 ISN’T. ISO20022 is also sometimes related to the programming language XML, but those two are also not one and the same.
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