Description

This course discusses the benefits and processes for using Automated Clearing House (ACH), the electronic network for financial transactions, for making international payments. ACH is a reliable, cost effective and predictable alternative to the traditional wire or a check for payments to recipients and other companies in other countries.

We’ll cover:

• What international ACH is, how it works, and the differences between U.S. and international ACH
• Customer benefits
• Different payment types, and the process flow
• When to use international ACH versus wire methods

We will also discuss the International Payments Framework Association (IPFA) and how it offers a potential solution for doing international ACH. Finally, statistics and information on the NACHA IAT (International ACH Transaction) will be covered.

This course will help corporate finance and treasury managers understand the advantages of making some of their payments via international ACH.