HISTORY OF ACH

"ACH dates back to the 1970s, but today serves as the backbone for many new financial technologies."

A Modern Guide to ACH, Plaid (2022).

Read the Whitepaper HERE

HISTORY OF SWIFT

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"In 1973, 239 banks from 15 countries got together to solve a common problem: how to communicate about cross-border payments. The banks formed a cooperative utility, the Society for Worldwide Interbank Financial Telecommunication, headquartered in Belgium."

Read About the History of SWIFT by Clicking HERE

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SWIFT Specifics:

CROSS BORDER PAYMENTS

" ... cross-border payments channels are the lifeblood of the globalized economy, facilitating the expansion of global e-commerce, the rise of complex international supply chains, and remittances ..."

6 Big Trends In The Cross-Border Payments Industry For 2022, Compare Remit Blog (Feb 2022).

Link to the Article is HERE

"International payments used to be defined by
agreements between banks for B2B payments or,
in the case of remittances, outlined by a few key
providers. It is interesting, however, to imagine a
market in which customers set the expectations an d standards."

A Vision for the Future of Cross Border Payments, McKinsey (2018).

Link to the 2018 McKinsey Report is HERE