What Happens When You ACH a Dead Person?

Re:What Happens When You ACH a Dead Person? by thro_away_n on Wednesday August 28, 2019 @03:12PM (#20822998)

Is this the same thing as Zelle?

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Re:What Happens When You ACH a Dead Person? by djsumdog on Wednesday August 28, 2019 @03:23PM (#20823110)

I don't think Zelle is real time. I'm curious if it's the same working group for RTP that was behind Zelle.

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Re:What Happens When You ACH a Dead Person? by Qworg on Wednesday August 28, 2019 @06:07PM (#20824536)

Zelle is roughly real time.

It is owned by the same company doing RTP.

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Re:What Happens When You ACH a Dead Person? by thepinkelefant on Wednesday August 28, 2019 @07:59PM (#20825352)

Not correct . RTP is from theclearinghouse and Zelle is from clearexchange. Zelle came from a mix of banks trying to address only P2P scenarios. RTP goes beyond to B2C and all other combinations .

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Re:What Happens When You ACH a Dead Person? by Qworg on Wednesday August 28, 2019 @10:54PM (#20826268)

Zelle is owned by Early Warning Systems, a wholely owned subsidiary of the top 7 banks in the US. The Clearing House is a joint venture by the top 25 banks in the US.

Clearexchange was purchased by EWS a few years ago.

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Re:What Happens When You ACH a Dead Person? by souterrain on Wednesday August 28, 2019 @06:02PM (#20824492)

The times I’ve used Zelle to send money, it has been real-time.

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Re:What Happens When You ACH a Dead Person? by xur17 on Wednesday August 28, 2019 @06:13PM (#20824599)

Once I've sent money to someone a few times it's typically instant, but it isn't always.

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Re:What Happens When You ACH a Dead Person? by danielmg on Wednesday August 28, 2019 @03:40PM (#20823302)

it is not

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