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Re:How ACH works: A developer perspective – Part 3 by anactofgod on Wednesday July 09, 2014 @11:55AM (#8010305)
The details you provide are especially interesting, especially in light of PayPal's announcement yesterday of their Next-Day-Settlement (NDS) service: http://thenextweb.com/insider/2014/07/08/paypal-now-lets-us-...

NDS must be a proprietary alternative to ACH.

Thanks for this write-up. Looking forward to your next post on the ACH file format.

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